The following analysis relates to estimation of mean, variance and standard deviation of wage and audit and then estimation of covariance and correlation between them
The data below show the wages earned by six workers at three differe C). The firm's...
The data below show the wages earned by six workers at three different firms (A, B, and C). The firm's name is shown in column 1 and the workers' wages in column 2. The third column shows the number of times that each firm has been audited for financial fraud while the worker was employed at the firm. The fourth column is a binary variable indicating whether or not the employee works at the accounting department. In the following questions...
The data below show the wages earned by six workers at three different firms (A, B, and C). The firm's name is shown in column 1 and the workers' wages in column 2. The third column shows the number of times that each firm has been audited for financial fraud while the worker was employed at the firm. The fourth column is a binary varia indicating whether or not the employee works at the accounting department. In the following questions...
The Economic Policy Institute periodically issues reports on wages of entry level workers. The institute reported that entry level wages for male college graduates were $21.68 per hour and for female college graduates were $18.80 per hour in 2011 (Economic Policy Institute website, March 30, 2012). Assume the standard deviation for male graduates is $2.30, and for female graduates it is $2.05. a. What is the probability that a sample of 50 male graduates will provide a sample mean within...
1. A factory employs several thousand workers, of whom 30% are Hispanic. If the 15 members of the union executive committee were chosen from the workers at random, the number of Hispanics on the committee would have the binomial distribution with n = 15 and p = 0.3. Verify the situation is indeed a Binomial experiment. You could assume that there are more than 1,500 workers employed in the factory (Hint: check the four conditions) [2] What is the probability...
Pleas show work for C and D. The data set below gives the waiting times (in minutes) of several people at a department of motor vehicles service center 11, 7, 14, 2, 8, 13, 3,6, 10, 3, 8, 4, 8, 4,7 d. The data set below gives the calories in a 1-ounce serving of several breakfast cereals. 135, 115, 120, 110, 110, 100, 105, 110, 125 CALCULATING STANDARD DEVIATION Date s used to tell how far on average any data...
9. Calculate the standard deviation of the class count data. For full credit you must show all of your work. The standard deviation should be no more than two significant figures. (15 pts) SD = . Sxa-)3 1-1 Write the meant standard deviation: L(2pts) Write the range of the standard deviation about the mean (3pts) 10. How precise were the counts? Explain using the standard deviation calculated. How does sample size contribute to a smaller standard deviation? (Spts) 11. Use...
4- Variance and Standard deviation (how far the data values lie from the mean) The mean, mode, and median do a nice job in telling where the center of the data set is, but often we are interested in more. For example, a pharmaceutical engineer develops a new drug that regulates iron in the blood. Suppose she finds out that the average sugar content after taking the medication is the optimal level. This does not mean that the drug is...
Column A contains a generic dataset. Column C is a list of questions that correspond to the questions below. Column D indicates which Excel function(s) that question is designed to teach. Column E is where you will work with the function(s) to generate the answer to each question. And finally Column F displays the formula you used to generate your answer in Column E. To place your answers from Column E into the blanks below, use the copy/paste keyboard shortcut:...
from part 5-12 plz dont do 1-4 BUNUS Assignment! A Sample Data AnalySIS III Licer Please answer all of the following questions. Make sure you show all your work, providing snapshots from Excel as well as listing all formulas and relevant explanation, as needed. We are interested in exploring the relationship between the income of professors (measured in thousands of dollars) and the number of years they have been employed by the university. We collect the following data from eight...
Please only answer if answe ALL PARTS NEAT WRITING ONLY please show EVERY STEP AND SHOW DETAILED WORK THANK YOU 3. Suppose someone is distribution with parameter A-i ng random numbers in R uning a function that is based on a Poisson a. What is the from the mean? probablity the function will output a number more than one standard deviation b. Suppose a new value of A is choeen, and through some experimentation, you find tbe random number generator...