Inroduction

This report presents an analysis of the CollegeScores4yr dataset,done by using RMarkdown, which includes various statistics for colleges across the United States.The dataset contains information about college enrollment, costs, tuition, SAT scores, graduation rates, and other factors. The goal of this project is to explore key trends and relationships, such as the mean net price of attending college, the distribution of enrollment rates, correlations between tuition costs and graduation rates, etc. This exploration will provide insights into the factors influencing college affordability and student outcomes, helping in decisions related to college planning and policy. The following questions will be explored using various descriptive statistics methods:

1.What is the mean net price of attending colleges in the dataset?

2.What is the median enrollment rate for colleges in the dataset?

3.What is the variance and standard deviation of the mid-SAT scores?

4.What is the distribution of the cost of attendance across colleges?

5.What is the correlation between the average SAT score and total cost?

6.Is there a correlation between college tuition cost and graduation rate?

7.How do the in-tuition costs vary across different types of locales?

8.What is the distribution of ‘Control’ (Private, Profit, Public) for all colleges in the dataset?

9.What is the correlation between ‘TuitionIn’ and ‘NetPrice’?

10.How is the distribution of median family income among the colleges?

Analysis and Methodology

The questions are explored and detailed analysis is done, from which it is gathered that the average net price of attending college is $19,886.82, with substantial variation in costs across colleges. The correlation etween SAT and tuition is 0.54 while, there is also a positive correlation of 0.58 between tuition and graduation rates. Urban colleges tend to have higher in-state tuition. Public colleges make up the majority of the dataset, with 73% public, 23% private, and 4% for-profit institutions. The correlation between in-state tuition and net price is 0.74, indicating that colleges with higher tuition also have higher net prices. Median family income varies widely, with some colleges serving wealthier populations, while others cater to lower-income families.The methods used to get this result are as follows:

college= read.csv("https://www.lock5stat.com/datasets3e/CollegeScores4yr.csv")
head(college)
##                                  Name State     ID Main
## 1            Alabama A & M University    AL 100654    1
## 2 University of Alabama at Birmingham    AL 100663    1
## 3                  Amridge University    AL 100690    1
## 4 University of Alabama in Huntsville    AL 100706    1
## 5            Alabama State University    AL 100724    1
## 6           The University of Alabama    AL 100751    1
##                                                                Accred
## 1 Southern Association of Colleges and Schools Commission on Colleges
## 2 Southern Association of Colleges and Schools Commission on Colleges
## 3 Southern Association of Colleges and Schools Commission on Colleges
## 4 Southern Association of Colleges and Schools Commission on Colleges
## 5 Southern Association of Colleges and Schools Commission on Colleges
## 6 Southern Association of Colleges and Schools Commission on Colleges
##   MainDegree HighDegree Control    Region Locale Latitude Longitude AdmitRate
## 1          3          4  Public Southeast   City 34.78337 -86.56850    0.9027
## 2          3          4  Public Southeast   City 33.50570 -86.79935    0.9181
## 3          3          4 Private Southeast   City 32.36261 -86.17401        NA
## 4          3          4  Public Southeast   City 34.72456 -86.64045    0.8123
## 5          3          4  Public Southeast   City 32.36432 -86.29568    0.9787
## 6          3          4  Public Southeast   City 33.21187 -87.54598    0.5330
##   MidACT AvgSAT Online Enrollment White Black Hispanic Asian Other PartTime
## 1     18    929      0       4824   2.5  90.7      0.9   0.2   5.6      6.6
## 2     25   1195      0      12866  57.8  25.9      3.3   5.9   7.1     25.2
## 3     NA     NA      1        322   7.1  14.3      0.6   0.3  77.6     54.4
## 4     28   1322      0       6917  74.2  10.7      4.6   4.0   6.5     15.0
## 5     18    935      0       4189   1.5  93.8      1.0   0.3   3.5      7.7
## 6     28   1278      0      32387  78.5  10.1      4.7   1.2   5.6      7.9
##   NetPrice  Cost TuitionIn TuitonOut TuitionFTE InstructFTE FacSalary
## 1    15184 22886      9857     18236       9227        7298      6983
## 2    17535 24129      8328     19032      11612       17235     10640
## 3     9649 15080      6900      6900      14738        5265      3866
## 4    19986 22108     10280     21480       8727        9748      9391
## 5    12874 19413     11068     19396       9003        7983      7399
## 6    21973 28836     10780     28100      13574       10894     10016
##   FullTimeFac Pell CompRate Debt Female FirstGen MedIncome
## 1        71.3 71.0    23.96 1068   56.4     36.6      23.6
## 2        89.9 35.3    52.92 3755   63.9     34.1      34.5
## 3       100.0 74.2    18.18  109   64.9     51.3      15.0
## 4        64.6 27.7    48.62 1347   47.6     31.0      44.8
## 5        54.2 73.8    27.69 1294   61.3     34.3      22.1
## 6        74.0 18.0    67.87 6430   61.5     22.6      66.7

1.What is the mean net price of attending colleges in the dataset?

mean(college$NetPrice, na.rm= TRUE)
## [1] 19886.82

The mean cost of college is 19886.82.

2.What is the median enrollment rate for colleges in the dataset?

median(college$Enrollment, na.rm = TRUE)
## [1] 1722

The median of enrollment is 1722.

3.What is the variance and standard deviation of the mid-ACT scores?

var(college$MidACT, na.rm=TRUE)
## [1] 13.34888
sd(college$MidACT, na.rm=TRUE)
## [1] 3.653612

The variance for mid-ACT is 13.34888 and standard deviation is 3.653.

4.What is the distribution of the cost of attendance across colleges?

hist(college$Cost,
    main = "Histogram of College Costs",
    xlab = "Cost",
    ylab = "No. of students",
    col = "purple",
     border = "black") 

The above histogram illustrates the distribution of cost in attending in different colleges.

5.What is the correlation between the average SAT score and total cost?

cor(college$AvgSAT, college$Cost, use="complete.obs")
## [1] 0.5373884

The correlation is 0.54.

6.Is there a correlation between college tuition cost and graduation rate?

cor(college$Cost, college$CompRate, use="complete.obs")
## [1] 0.5870019

The correlation is 0.58.

7.How do the in-tuition costs vary across different types of locales?

boxplot(college$TuitionIn~college$Locale,
         main="In-tuition cost based on locale",
         ylab="In-tuition cost")

The boxplot shows the relation between in-tuition fees in different locality.

8.What is the distribution of ‘Control’ (Private, Profit, Public) for all colleges in the dataset?

pie(table(college$Control), main="Distribution of College by Control")

The pie-chart demonstrates distribution of students in private, public or profit based environment.

9.What is the correlation between ‘TuitionIn’ and ‘NetPrice’?

cor(college$TuitionIn, college$NetPrice, use= "complete.obs")
## [1] 0.7371491

The correlation is 0.74.

10.How is the distribution of median family income among the colleges?

hist(college$MedIncome,
     main = "Histogram of Median Family Income",
    xlab = "Family Income",
    ylab= "No. of students",
    col = "dark red",
     border = "black") 

The histogram depicts the median family income among students.

Summary

Overall, this study explores the financial and academic characteristics of colleges in the given dataset. The average net price of attending college is almost 20K, with considerable variation in tuition fees across institutions. The analysis highlights a moderate correlation between tuition costs and both SAT scores and graduation rates, suggesting that more expensive colleges tend to have higher academic standards and better outcomes. Public colleges make up 73% of the dataset, and colleges in urban areas generally have higher tuition compared to those in suburban or rural areas. A strong correlation between in-state tuition and net price indicates that tuition significantly influences the overall cost. Additionally, the variation in median family income underscores the diverse socioeconomic backgrounds of students across colleges. These findings provide a comprehensive view of the factors influencing college costs and student performance.