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Personal Finance In Context Free essay! Download now

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Personal Finance In Context

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Downloads to date: N/A | Words: 923 | Submitted: 22-Nov-2011
Spelling accuracy: 98.5% | Number of pages: 8 | Filetype: Word .doc


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Personal Finance In Context

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Part A

It would be expected for the cells to add up to 100% as the table states the figures are shown in percentages. Parts per hundred.

The percentages in the column for 1998 add up to 99%. The figure differs because it does not add up to 100% and needs rounding up or down or can be due to a possible error in data collection.

For 2003, 74% of children lived with families with at least two children.
Married/cohabiting couples with 2 or more dependent children: 58%
Lone mothers with 2 or more dependent children: 14%
Lone fathers with 2 or more dependent children : 2%
Total : 74% (44)

There is a 1 percentage point increase in lone mother households with one dependant child and a 1 percentage point decrease in the number of lone mother households with two or more dependant children. Lone father households have remained the same.

The number of lone mother households with 2 or more dependant children is higher than the number of lone mother households with 1 dependant child. There has been a 16.6% increase in lone mothers with 1 dependent child- 1x100/6=16.6% and a 7.6% decrease in lone mother with 2 or more dependent children- 1x100/13= 7.6%.

The table does not provide actual numbers of the children living in households and does not show in numbers how the number of children has been changing. The table however provides percentages of the children in each household.

By 2007 the figure had changed to 77% which is a drop of 15%. Expressed as a percentage of the figure for ...

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