In a survey collecting data about the salaries earned by recent college graduates, Li found that...
In a survey collecting data about the salaries earned by recent college graduates, Li found that her salary was in the 75th percentile. Should Li be pleased or upset by this result? Explain. (Enter your percents as whole numbers.)
Li should (---Select--- be pleased not be pleased) because her salary is relatively (---Select--- high low) compared to other recent college graduates.___ % of recent college graduates earn less than Li does while ___% of recent college graduates earn more than Li does.
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In a survey collecting data about the salaries earned by recent
college graduates, Li found that...
A study on salaries of recent graduates from a certain college are normally distributed with mean...
A study on salaries of recent graduates from a certain college are normally distributed with mean and standard deviation . Use the information to answer questions #1-6. You may use manual, technology, or table for computation, but you need to show work to justify your computation. 1. Suppose your starting salary is $55,000. a. determine the z-score b. interpret your z-score in terms of percentile (ranking) in the context of the population. 2. Find proportion for which the salary of...
According to labour statistics, 3.8% of recent college graduates are unemployed in Canada. An Ontario survey...
According to labour statistics, 3.8% of recent college graduates are unemployed in Canada. An Ontario survey reported that 171 out of 5000 recent college graduates were unemployed in December of 2019. Which of the following tests should be performed to determine whether the unemployment rate for college graduates is lower in Ontario compared to the national rate? Assume that all data assumptions are met.
7. The data comparing GPA with starting salaries for recent college graduates: (24 points) GPA, X:3.26...
7. The data comparing GPA with starting salaries for recent college graduates: (24 points) GPA, X:3.26 2.60 3.35 2.86 3.82 2.21 3.47 Salary, y: 33.8 29.8 33.5 30.4 36.4 27.6 35.3 (in thousands) At the .01 level, is there a significant correlation between GPA and Salary? a) What function did you use on the calculator? b) Use the 5 step method to test the claim. c) Find the regression equation. d) Use the regression equation to estimate the salary of...
eBook Annual starting salaries for college graduates with degrees in business administration are generally expected to...
eBook Annual starting salaries for college graduates with degrees in business administration are generally expected to be between $20,000 and $35,000. Assume that a 95% confidence interval estimate of the population mean annual starting salary is desired. a. What is the planning value for the population standard deviation? b. How large a sample should be taken if the desired margin of error is $400? Round your answer to next whole number. $250? 890? c. Would you recommend trying to obtain...
I need help with stats еBook Annual starting salaries for college graduates with degrees in business...
I need help with stats
еBook Annual starting salaries for college graduates with degrees in business administration are generally expected to be between $10,000 and $45,000. Assume that a 95% confidence interval estimate of the population mean annual starting salary is desired. a. What is the planning value for the population standard deviation? b. How large a sample should be taken if the desired margin of error is $300? Round your answer to next whole number. $150? $110? c. Would...
A recent article reported that a job awaits only one in three (0.33) new college graduates....
A recent article reported that a job awaits only one in three (0.33) new college graduates. The major reasons given were an overabundance of college graduates and a weak economy. A survey of 200 recent graduates from your school revealed that 80 students had jobs. At the .01 significance level, can we conclude that a larger proportion of students at your school have jobs? A The Null Hypothesis is: a Job awaiting new college graduates is _______. b Job awaiting...
QUESTION 11 Based on a recent survey of its subscribers, Consumer Reports found that the lifetime...
QUESTION 11 Based on a recent survey of its subscribers, Consumer Reports found that the lifetime of refrigerators is approximately Normal with a mean of 10 years and a standard deviation of 2 years. Suppose your parent's refrigerator had a lifetime in the 10 percentile. What was the age of your parent's refrigerator when it had to be replaced? Round your answer to 1 decimal place. 4.4 years 5.4 years 6.4 years 7 4 years BA years QUESTION 13 Suppose...
PLEASE NOTE! I ONLY NEED ANSWERS TO QUESTION #8 Kate and Claire, recent college graduates, are...
PLEASE NOTE! I ONLY NEED ANSWERS TO QUESTION #8 Kate and Claire, recent college graduates, are unable to find suitable jobs in their field of accounting. However, each has been involved with a small business of their own for the last several years, and have been doing very well. Kate is a talented seamstress, and has designed a line of fashionable blazers that are selling for $500/each. Kate remains shocked at how fast the orders are coming in, and wonders...
PLEASE NOTE! I ONLY NEED ANSWER TO QUESTION #7 Kate and Claire, recent college graduates, are...
PLEASE NOTE! I ONLY NEED ANSWER TO QUESTION #7 Kate and Claire, recent college graduates, are unable to find suitable jobs in their field of accounting. However, each has been involved with a small business of their own for the last several years, and have been doing very well. Kate is a talented seamstress, and has designed a line of fashionable blazers that are selling for $500/each. Kate remains shocked at how fast the orders are coming in, and wonders...
PLEASE NOTE! I ONLY NEED ANSWER TO QUESTION #6 Kate and Claire, recent college graduates, are...
PLEASE NOTE! I ONLY NEED ANSWER TO QUESTION #6 Kate and Claire, recent college graduates, are unable to find suitable jobs in their field of accounting. However, each has been involved with a small business of their own for the last several years, and have been doing very well. Kate is a talented seamstress, and has designed a line of fashionable blazers that are selling for $500/each. Kate remains shocked at how fast the orders are coming in, and wonders...
7. The data comparing GPA with starting salaries for recent college graduates: (24 points) GPA, X:3.26 2.60 3.35 2.86 3.82 2.21 3.47 Salary, y: 33.8 29.8 33.5 30.4 36.4 27.6 35.3 (in thousands) At the .01 level, is there a significant correlation between GPA and Salary? a) What function did you use on the calculator? b) Use the 5 step method to test the claim. c) Find the regression equation. d) Use the regression equation to estimate the salary of...
eBook Annual starting salaries for college graduates with degrees in business administration are generally expected to be between $20,000 and $35,000. Assume that a 95% confidence interval estimate of the population mean annual starting salary is desired. a. What is the planning value for the population standard deviation? b. How large a sample should be taken if the desired margin of error is $400? Round your answer to next whole number. $250? 890? c. Would you recommend trying to obtain...
I need help with stats
еBook Annual starting salaries for college graduates with degrees in business administration are generally expected to be between $10,000 and $45,000. Assume that a 95% confidence interval estimate of the population mean annual starting salary is desired. a. What is the planning value for the population standard deviation? b. How large a sample should be taken if the desired margin of error is $300? Round your answer to next whole number. $150? $110? c. Would...
QUESTION 11 Based on a recent survey of its subscribers, Consumer Reports found that the lifetime of refrigerators is approximately Normal with a mean of 10 years and a standard deviation of 2 years. Suppose your parent's refrigerator had a lifetime in the 10 percentile. What was the age of your parent's refrigerator when it had to be replaced? Round your answer to 1 decimal place. 4.4 years 5.4 years 6.4 years 7 4 years BA years QUESTION 13 Suppose...
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