I am 43 years old and married with three children. My income is $98,000 annually. The variables included: SE- Income, SE – Marital status, SE family size, and USD food.
Variable 1 “Income”
Annual Income (USD)
Head of Household Age
“Size of family”
No. of people in household
Income is necessary for basic needs for the survival of the family.
For income, the median is the measure of central tendency, the variable is quantitative. If any outliers or if the data is not distributed normally, the median is the best measure for central tendency.