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Owner: cdaly077
Created: Oct 29, 2018
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Optimism For The Future Phase One
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PHASE ONE: Flagler College Students and Optimism About the Future

Introduction:

The purpose of this study is to collect and identify the general consensus about the future among students at Flagler College in the fall of 2018. This report investigates a variety of variables such as age, parents’ level of education, economics and approval of President Trump, etc. These statistics will be used to determine how Flagler College Students feel (optimistic or pessimistic) about their overall success in the future.

 

Data Collection:

Out of the targeted population of all students at Flagler College in the fall semester of 2018, 150 MAT 223 Statistics students were surveyed. Sampling bias may exist because only students in these classes were surveyed and our sample may not accurately represent the total population of all Flagler College students. Since this data was self-reported, there may be systematic errors as well.

 

Survey Questions:

 

1.      What gender do you identify with?

2.      How old are you?

3.      Do either of your parents have a college education or higher?

4.      Do you currently approve of President Trump’s job in office?

5.      At what age do you think it is important to start saving?

6.      At what age do you plan to retire?

7.      Is one of your career goals to be self-employed?

8.      Do you think you will be well-prepared to handle your finances after college?

9.      Are you more or less optimistic about the economic future of the United States than you were a year ago?

10.  Do you think you will be better off than your parents or legal guardians over the course of your lifetime?

 

Sample Data-Graphs and Summary Statistics

Demographics:

In the sample of 150 MAT 223 Statistics students, 70% were female and 30% were male. A bar graph was used to display the students’ ages as shown below. In correlation to the population at Flagler College, the data given is an accurate representation of the student body’s female to male ratio. Therefore, the mode response is females.

 

 

The student’s ages from the survey are given in the histogram below. The distribution is unimodal and right skewed with potential outliers at the ages of [35,37.5). Due to the distribution being right skewed, the best measure of center would be the median of 18 years old, meaning this is the typical age represented in the survey. Additionally, the best measure of spread would be the IQR (Interquartile Range) which is 1, thus stating that most students fall within one year of 18 years old.

 

 


 

 

 

Other Sample Results:  

The pie chart below represents the number of student’s parents that have a college education or higher. Out of 150 students surveyed, 24.67% of student’s parents have not received anything past a high school education, and 75.33% of student’s parents have a college education or higher. These statistics show that the majority of Flagler College student’s parents have obtained a college education. Being that there are only two options for this particular survey question, the variability for the graph is low.

 

 

 

The pie chart below depicts the approval rating of President Trump in office. The data shows there is an approximate two-thirds disapproval rating of his presidency with a percentage of 66, and an approximate one-third approval rating with 34%. The pie chart demonstrates low variation and that a majority of students disapprove of President Trump’s job in office.

 

 

The histogram below shows the age Flagler College students feel is important to start saving money. The best measure of center would be median, when finding the age for students to begin saving which is 16 years old. Therefore, the IQR is used and shown in the graph as 2. The histogram is also right skewed and unimodal with outliers at [30,31).

 

 

 

 

This histogram represents the age Flagler College students plan to retire. The best measure of center would be the mean due to the fact that the graph’s shape is roughly symmetric with no outliers. The mean of the students projected retirement age is 63.69, and when using mean, standard deviation is required. Thus, the standard deviation for this particular graph is 7.66.

 

 

 

This pie chart shows the number of Flagler College students that have a career goal of being self-employed. The data reports that 52% of students said no, and 48% of students reported yes. Therefore, there is no distinct majority statistic. While the numbers are close in proximity, more than half of students would not like to be self-employed making this lack variability.

 

 

The pie chart depicts the number of Flagler College students that believe they will be able to handle their finances after college. The data portrays 36.67% of students feel capable of handling their finances after they graduate college and 63.33% do not believe they will be able to handle their finances after college. The mode of the statistics show most college students feel they are well prepared to handle their finances after college. The variability for the pie chart present is low because there were only two options to choose from.

 

 

 

The bar graph is representing how Flagler College students feel about the future of the economy in the United States. The mode shown in the bar graph is 41.3% showing that most students feel less optimistic about the future of the US economy. Also, there is more variability present in this graph with three options to choose from. The remaining options being “About the Same”,
 at 35.3%, and “More” at 23.3%.  

 

 

 

The pie chart shows how students at Flagler College feel about their success in correlation to their parents. The survey question asked whether or not they felt they would be better or worse off than their parents to legal guardians over the course of their lifetime. The mode of the data is “About the Same” with 40.67%. With the other categories of “Better” with 43.33% and “Worse” with 16% add to the high variability of the graph.

 

 

 

 

Result 1: Gender   [Info]
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Result 2: Age   [Info]
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Result 3: Summary Stats for Age   [Info]
Summary statistics:
ColumnnMeanMedianModeStd. dev.RangeIQRMinMax
Age15018.95333318182.08006412011737

Result 4: Parents Education   [Info]
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Result 5: Approve of Trump   [Info]
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Result 6: Age to Save   [Info]
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Result 7: Summary Stats for Age to Save   [Info]
Summary statistics:
ColumnnMeanMedianModeStd. dev.RangeIQRMinMax
Age to Save15017.2816162.34626651421630

Result 8: Age to Retire   [Info]
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Result 9: Summary Stats for Age to Retire   [Info]
Summary statistics:
ColumnnMeanMedianModeStd. dev.RangeIQRMinMax
Age to Retire15063.68666765607.66420833574580

Result 10: Self Employed   [Info]
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Result 11: Handle Finances   [Info]
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Result 12: Economic Future of The US   [Info]
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Result 13: Better or Worse than Parents   [Info]
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Data set 1. Flagler College Students and Optimism about the Fu   [Info]
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<A href="https://www.statcrunch.com/5.0/viewreport.php?reportid=80452">Optimism For The Future Phase One </A>

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