Math

StatisticsQ&A LibraryThe Wall Street Journal reported that the median salary for middle-level manager jobs was approximately $85,000 (The Wall Street Journal, August 6, 2013). Suppose that an independent study of middle-level managers employed at companies located in Atlanta, Georgia, was conducted to compare the salaries of managers working at firms in Atlanta to the national average. The following data show the salary, in thousands of dollars, for a sample of 15 middle-level managers. 108 83 106 73 53 85 80 63 67 75 124 55 93 118 77 a. Compute the median salary for the sample of 15 middle-level managers. How does the median for this group compare to the median reported by The Wall Street Journal? b. Compute the mean annual salary and discuss how and why it differs from the median computed in part (a). c. Compute the first and third quartiles.Start your trial now! First week only $4.99!*arrow_forward*

Question

The Wall Street Journal reported that the median salary for middle-level manager jobs

was approximately $85,000 (The Wall Street Journal, August 6, 2013). Suppose that an

independent study of middle-level managers employed at companies located in Atlanta,

Georgia, was conducted to compare the salaries of managers working at firms in Atlanta

to the national average. The following data show the salary, in thousands of dollars, for a

sample of 15 middle-level managers.

108 83 106 73 53 85 80 63 67 75 124 55 93 118 77

a. Compute the median salary for the sample of 15 middle-level managers. How does

the median for this group compare to the median reported by The Wall Street Journal?

b. Compute the mean annual salary and discuss how and why it differs from the median

computed in part (a).

c. Compute the first and third quartiles.

Tagged in

Math

Statistics

Find answers to questions asked by students like you.

Q: If we throw a coin (3) times , the event(A) represent appearance (H) twice ,and the event of( B) rep...

A: Click to see the answer

Q: For the following scores, which action will increase the range? Scores: 2, 6, 11, 15 a. subtract 1 p...

A: Range is the difference of highest and lowest value. The highest value is 15 and the lowest is 2. Th...

Q: Suppose the mean and standard deviation of the GPAs at Loyola are Xbar = 1.675; and s = 1.047Catheri...

A: Click to see the answer

Q: A random variance survey of 495 adults found that 59 had diabetes. which of the following is a 98% c...

A: Click to see the answer

Q: Consider the following sample: 25 31 34 35 36 38 53 53 56 57 60 63 67 ...

A: Click to see the answer

Q: During the days of coronavirus, people work most of the time from home. Many offices, schools, unive...

A:

Q: Consider the following dataset: 12 15 32 52 54 58 86 89 Find the percentile rank o...

A: Arranging the given data in ascending order: 12 15 32 52 54 ...

Q: Chart Based Probability Section Rubber Balls in a Box Setup Stars Stripes | Dots Red 8 15 12 Blue 7 ...

A: From the provided information, The table is as follow: Stars Stripes Dots Total Re...

Q: Regarding the equal-likelihood model, a. what is it? b. how are probabilities computed?

A: a. In probability, equally-likelihood model consists of only a finite number of outcomes. All the ou...