Practice Exercises Using Data Set #2
Data Set #2 Description
This data set is from a hypothetical survey of 30
randomly-selected participants. In addition to the routine
demographic information, each subject was asked several questions to
determine their knowledge of financial topics as well as several
attitude measures.
The details of these questions and how they were scored are
listed below.
- Participant ID number (subject)
- Age (age)
- Education [years of education completed] (ed)
- Marital Status [S=single; M=married; D=divorced; W=widowed]
(marital)
- Sex (sex)
- Do they own stock? (stock)
- Do they have a retirement plan? (retire)
- Do they own their home? (home)
- Have they been promoted in the last five years? (promote)
- How close can they report yesterday's DOW close? (dow)
- Have they traded stock in the last year? (trade)
- How often do they check stocks performance using the
Internet? [N=never; O=occasionally; F=frequently; D=daily]
(internet)
- Total family income (income)
- Number of children in family (kids)
- "Social security will be bankrupt by the time I retire."
[SA=strongly agree; A=agree; D=disagree; SD=strongly disagree]
(q1)
- "Education is critical to economic success." [SA=strongly
agree; A=agree; D=disagree; SD=strongly disagree] (q2)
- "Jobs are no longer secure in today's economy." [SA=strongly
agree; A=agree; D=disagree; SD=strongly disagree] (q3)
- "I expect to retire comfortably." [SA=strongly agree;
A=agree; D=disagree; SD=strongly disagree] (q4)
Questions
- What is the average age of participants in this study?
- Do men and women in this study differ on average age?
- What is the average number of years of education?
- Do men and women differ on the average number of years of
education.
- What proportion of participants are married?
- Produce the cross-tabulation of sex and marital status.
- Produce the cross-tabulation of sex and whether participants
have a retirement plan.
- What proportion of participants have a retirement plan?
- Do men and women differ statistically on their likelihood of
having a retirement plan?
- Is there a relationship between age and income?
- Is there a relationship between age and education?
- Produce the scatter plot of age and education.
- What proportion of participants own their own home?
- Are married people more likely to own their own home?
- Is there an age difference between those who own their own
home and those who do not?
- Are people who own their own home more likely to have a
retirement account?
- Is there an age difference between those who have a
retirement account and those who do not?
- Are men more likely to have been promoted in the last five
years than women?
- Are those who were promoted in the last five years younger
than those who have not been promoted?
- Do people who own stocks check stock performance on the
Internet more often?
- Is there an age difference between those who own stocks and
those who do not?
- Are men more likely to own stocks than women?
- Are married people more likely to own stocks than
non-married people?
- What is the average family income?
- What is the range of family income?
- How is total family income related to age?
- How is total family income related to education?
- Is there a relationship between total family income and the
likelihood of having a retirement plan?
- Is there a relationship between total family income and the
likelihood of owning stock?
- Is there a relationship between total family income and the
likelihood of owning your own home?
- Do men and women differ on their predictions about social
security's future?
- Do men and women differ on their belief about the importance
of education?
- Do men and women differ on their concern about job security?
- Do men and women differ on their expectation for a
comfortable retirement?
- What variables are related to the expectation of a
comfortable retirement?
- Is there a relationship between believing that Social
Security will go bankrupt before their retirement and believing
that jobs are insecure?
- Does the amount of education affect the expectation of a
comfortable retirement?
- Are people who have a retirement plan more likely to expect
a comfortable retirement?
- What is the relationship between age and the expectation
that Social Security will be bankrupt by retirement?
- Do those who expect a comfortable retirement differ on total
family income?
- What is the average family income of those who expect to
retire comfortably?
- Is there a relationship between being promoted in the last
five years and the belief that education is critical to economic
success?
- Are college graduates more likely to have been promoted in
the last five years?
- Do people who have a high school education or less feel less
secure about today's jobs than those with at least some college?
- Are people who worry about the security of their jobs in
today's economy more likely to own stock?
- Do those who worry about the security of their jobs make
less money than those who do not worry?
- Are those with a retirement plan less likely to worry about
their job security?
- Are there sex differences in the four opinion questions?
- Are there age differences in the four opinion questions?
- Are there education differences in the four opinion
questions?
- Are there income differences in the four opinion questions?
- Are there marital status differences in the four opinion
questions?