The Value of College Degree in Regard to Income and Social Activity - Assignment Example

The article provides an analysis of the income earnings associated with major University courses. It also discusses the possibilities of income disparities based on race, ethnicity, and gender (Taylor, Lopez and Martínez 3). Q 2 Descriptive statistics is a statistical tool used to analyze, describe, and summarize data in a meaningful way. Descriptive statistics do not allow analysts to infer conclusions beyond the analyzed data. Q 2a Print out page 15. It has descriptive statistics in term of percentages used to describe preference of Hispanic or Latino among Spanish and English Latinos.

Print out page 22. It has conditional statistics of raising children in the USA compared to parent home. Q 2b The statistics indicate the percentages of non-preference, Hispanic, and Latino among Europe citizens. For instance, 55 percent of native-born Europe Spanish citizens do not prefer the use of Latino or Hispanic, 31 percent prefers the term Hispanic while 14 percent prefers to use Latino. Q 3 The College Payoff—Education, Occupations, Lifetime Earnings Summary The report analyses the reward bestowed on acquiring college degrees.

It analyses the worth of University degree and its impact on the living standards of sits holders. Carnevale, Rose, and Cheah, 2011 explains the worth of different college degrees in the lifestyles of individuals. The authors also analyze other factors besides college degrees that may influence individuals income in society. Carnevale, Rose, and Cheah, 2011, elaborates the aforementioned by analyzing individuals lifetime earnings in all education levels as well as earning by occupation, age, gender, and race or ethnicity.

Carnevale, Rose, and Cheah, 2011 concludes that college degrees confer higher earnings in an individual’s lifetime (Carnevale, Rose, and Cheah 3). Q 4a Print out page 9. It has descriptive statistics of percentiles involving a variety of income with education level. Print page 14. The graph shows a conditional statistical representation of lifetime earnings by race or ethnicity. Q 4b The 25th percentile, 75th percentile, and the interquartile range data of variations in earnings with education levels indicate a good example of descriptive statistics (Carnevale, Rose, and Cheah 3).

Q 5 When Labels Don’t Fit: Hispanics and Their Views of Identity Summary The report investigates the attitudes of Latino’s towards their identity and culture. In investigating the behaviors of Latinos, the authors of the report examine language usage patterns, core values, and the views about Americans. The authors report conclusively that Latinos values their lifestyle in America than in their native homeland. The authors also remark that Hispanics and Latinos should learn English in order to communicate effectively with native America speakers.

Q 6 According to Carnevale, Strohl, and Melton, 2011 women who have careers in social science earn less than women in the same profession. However, issues of gender makeup are minimal in social science with women earning 46,000 dollars less than 18,000 dollars that men earn (Carnevale, Strohl, and Melton 175). Similarly, gender balance exists in business economics. Business economics is the highest contributor to employment all over the globe. A closer gender ratio in business economics exists with women contributing 45 percent while men form 55 percent of the market proportions in the discipline.

Wage disparity also exists in business economics major with men earning up to 16, 000 dollars more than what women earn (Carnevale, Strohl, and Melton 176). Q 7a Print out page 64. It contains descriptive statistics of earning percentiles of individuals with a profession in biological sciences. Print page 176. It shows explanations of ethnicities conditional probabilities. Q 7b Earnings at 25th and 75th percentiles table show descriptions of levels of income for professionals in biological science fields (Carnevale, Strohl, and Melton 176).