This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: The following data shows the yearly income distribution of a sample of 200 employees at MNM, ... (Read 70 times)

redpassion

  • Full Member
  • ***
  • Posts: 151
on: Mar 25, 2023

The following data shows the yearly income distribution of a sample of 200 employees at MNM, Inc.

 

Yearly Income
(In $1,000s)

Number
of Employees

20 - 24

2

25 - 29

48

30 - 34

60

35 - 39

80

40 - 44

10


 

a.What percentage of employees has yearly incomes of $35,000 or more?
b.Is the figure (percentage) that you computed in Part a an example of statistical inference? If no, what kind of statistics does it represent?
c.Based on this sample, the president of the company said that "45% of all our employees' yearly incomes are $35,000 or more." The president's statement represents what kind of statistics?
d.With the statement made in Part c, can we be assured that more than 45% of all employees' yearly incomes are at least $35,000? Explain.
e.What percentage of employees of the sample has yearly incomes of $29,000 or less?
f.How many variables are presented in the above data set?
g.The above data set represents the results of how many observations?

Essentials of Statistics for Business and Economics ¦ Anderson, Sweeney, Williams, Camm, Cochran ¦ 7th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by redpassion on Mar 25, 2023

as4309

  • Full Member
  • ***
  • Posts: 166
Reply #1 on: Mar 25, 2023
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 29% of students answer this correctly


redpassion

  • Member
  • Posts: 151
Reply 2 on: Mar 25, 2023
Excellent

Liamb2179

  • Member
  • Posts: 365
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

Vaccines cause herd immunity. If the majority of people in a community have been vaccinated against a disease, an unvaccinated person is less likely to get the disease since others are less likely to become sick from it and spread the disease.

Did you know?

There are approximately 3 million unintended pregnancies in the United States each year.

Did you know?

Eat fiber! A diet high in fiber can help lower cholesterol levels by as much as 10%.

Did you know?

The cure for trichomoniasis is easy as long as the patient does not drink alcoholic beverages for 24 hours. Just a single dose of medication is needed to rid the body of the disease. However, without proper precautions, an individual may contract the disease repeatedly. In fact, most people develop trichomoniasis again within three months of their last treatment.

Did you know?

Parkinson's disease is both chronic and progressive. This means that it persists over a long period of time and that its symptoms grow worse over time.

Mononucleosis is caused by the Epstein–Barr virus. Symptoms of the infectious disease are swollen pa Mononucleosis is caused by the Epstein–Barr virus. Symptoms of the infectious disease are swollen pa
Urinometer. In this procedure, a urine sample and urinometer are placed within a tube, and the liqui Urinometer. In this procedure, a urine sample and urinometer are placed within a tube, and the liqui
Sample Stress Management Program Sample Stress Management Program
A sample flow sheet. A sample flow sheet.
Sample prescriptions of antibiotics for prophylaxis against infective endocarditis. Sample prescriptions of antibiotics for prophylaxis against infective endocarditis.
Determine the mass percent of Fe3+ in a 0.546g sample of iron ore, if 22.40 mL of a 0.1000 M ... Determine the mass percent of Fe3+ in a 0.546g sample of iron ore, if 22.40 mL of a 0.1000 M ...
Video: Morphology of a tomato plant

For a complete list of videos, visit our video library