Applied Statistical Model
Part A
Topic of Interest
The daily phenomena in our everyday lives that we encounter that is, to determine the places and choices of food we consume, and restrictions on them based on our daily expenses.
Title
The ability to bring a change to our daily expenses (savings) through our food consumption Brief background of this topic :
We are often pressured by the same mind boggling question, that is “What are we to consume for lunch/dinner daily?”. This often arises and in order to keep up with our expenses according to our affordability, we can weigh in the option to consume food that are not only healthy, but are cheap, mass produced and inexpensive. Our goal is to create a restaurant to cater to the needs of all consumers let it be young or old.
Objectives :
To determine the factors affecting the monthly ecpenditures on food.
To analyze the extent to which individual spend their expenses on food to meet their individual needs daily
Analyze the prices of the array of food selection in certain shops to determine what meal can be consumed
To create a general awareness about our food cost and it shows the importance of examining food costs per meal
To ensure the safety and quality of food
Discuss the research methodology
First and foremost, we took the first step towards starting this assignment is that we collected our data through a survey research method. We have one dependent variable that is, monthly expenses on food and 11 other variables supporting it. The other variables are age, monthly allowance, maximum amount willing to spend on food, number of meal consumption in a day, and the types of food ( Western, Chinese, Indian, Malay, Italian, Japanese, others). We drafted out several simple questions to be handed out to 35 random students and we collected our data once we received enough information. Later on, we computed all the data given using the Microsoft Excel software.
Moving on, using the information that we conducted
Topic of Interest
The daily phenomena in our everyday lives that we encounter that is, to determine the places and choices of food we consume, and restrictions on them based on our daily expenses.
Title
The ability to bring a change to our daily expenses (savings) through our food consumption Brief background of this topic :
We are often pressured by the same mind boggling question, that is “What are we to consume for lunch/dinner daily?”. This often arises and in order to keep up with our expenses according to our affordability, we can weigh in the option to consume food that are not only healthy, but are cheap, mass produced and inexpensive. Our goal is to create a restaurant to cater to the needs of all consumers let it be young or old.
Objectives :
To determine the factors affecting the monthly ecpenditures on food.
To analyze the extent to which individual spend their expenses on food to meet their individual needs daily
Analyze the prices of the array of food selection in certain shops to determine what meal can be consumed
To create a general awareness about our food cost and it shows the importance of examining food costs per meal
To ensure the safety and quality of food
Discuss the research methodology
First and foremost, we took the first step towards starting this assignment is that we collected our data through a survey research method. We have one dependent variable that is, monthly expenses on food and 11 other variables supporting it. The other variables are age, monthly allowance, maximum amount willing to spend on food, number of meal consumption in a day, and the types of food ( Western, Chinese, Indian, Malay, Italian, Japanese, others). We drafted out several simple questions to be handed out to 35 random students and we collected our data once we received enough information. Later on, we computed all the data given using the Microsoft Excel software.
Moving on, using the information that we conducted