Consider the Following Survey Results Regarding Marital Status by Age

question 23

Essay

Consider the following survey results regarding marital status by age:

a. Construct a stacked column chart to display the survey data on marital status. Use Age Category as the variable on the horizontal axis.
b. Construct a clustered column chart to display the survey data. Use Age Category as the variable on the horizontal axis.
c. What can you infer about the relationship between age and marital status from the column charts in parts a and b? Which column chart (stacked or clustered) is best for interpreting this relationship? Why?

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Definitions:

After-tax Cost

The expense of an action or item after accounting for the impact of taxation.

Coupon

A financial term referring to the annual interest payment received by a bondholder from the bond's issuer until it matures.

Weighted Average Cost

An inventory valuation method which assumes goods are used in the order in which they were purchased, often leading to a cost that is somewhere between the oldest and newest products.

Marginal Tax Rate

The tax rate that applies to each additional dollar of income earned; the percentage of tax paid on any additional income earned.