Data Analysis

Ready to learn how each family saves their money?

The image below tells us all about how much money is spent on basic necessities and some extra privileges

AVERAGES

Below is an analysis of the data collected from the various surveys.

• The average electricity bill per person, per week is $14. 674

• The average water bill per person, per week is $8.16

• The average internet per person per week came to $4.01

• The average amount of people living in a household is 4

• The household phone costs per person per week are $14.8

• The average amount of money spent on shopping (groceries) per person per week is $139.69

• The average amount of money spent on takeaway meals per person per week is $25.215

• The average mortgage repayments per person per week are $198.834

• Money spent on services such as Foxtel, Netflix, Stan, Spotify etc per person per week are generally $27.14

• Money spent on day to day travel expenses per person per week is $27.58

HOW DID WE WORK OUT OUR AVERAGES?

We used the mathematical formula to work out our averages, for example, if I wanted to work out the average of these 3 pronumerals: a, y, and z,

I could use the formula as such: a + y + z ÷ 3

We then rounded the statistics to smaller, non-irrational numbers.