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

Author Question: Salary conversions You learn that your company is sending you and several other employees to staff a ... (Read 100 times)

iveyjurea

  • Hero Member
  • *****
  • Posts: 555
on: Jul 25, 2018
Salary conversions You learn that your company is sending you and several other employees to staff a new office in China.
 
  While there everyone will earn the equivalent of their current salary, converted to Chinese currency at the rate of 8 yuans per dollar. In addition, everyone will earn a weekly foreign living allowance of 200 yuans. For example, since you are earning 1000 per week, your weekly salary in China will be 1000 x 8 + 200 = 8200 yuans.
  a. Shown are some summary statistics describing the current salaries of this group being sent overseas. Fill in the table to show what these statistics will be for the salaries you all will earn while in China.
  Statistic In the US In China
  Minimum salary 400
  Standard deviation 250
  Median 750
  IQR 300
  b. Among this group of employees going to China, your US salary has a zscore of +1.20. What will your new z-score be, based on everyone's China salary?

Question 2

Repair bills An automobile service shop reported the summary statistics shown for repair bills (in ) for their customers last month.
 
  Min
  Q1
  Median
  Q3
  Max
  Mean
  SD 27
  88
  132
  308
  1442
  284
  140
  a. Were any of the bills outliers? Show how you made your decision.
  b. After checking out a problem with your car the service manager gives you an estimate of only 90. Is he right to imply that your bill will be unusually low? Explain briefly.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

firehawk60

  • Sr. Member
  • ****
  • Posts: 315
Reply #1 on: Jul 25, 2018
Answer to Question 1

a. 3400 yuans, 2000, 6200, 2400
b. z = +1.20
d. 19.6
e. 4.7 months (should all include sketches of labeled curves)
f. A smaller standard deviation means that the copiers would be more consistent in their lifespans
g. For 36 months z = -1.28 and for 42 months z = -0.385. Thus the difference of 6 months is 1.28 - 0.385 = 0.895 standard deviations. The model is N(44.6, 6.7)

Answer to Question 2

a. Yes. IQR = 308 - 88 = 220. The upper fence for outliers is one and a half IQR's above the third quartile, or 308 + 1.5(


iveyjurea

  • Hero Member
  • *****
  • Posts: 555
Reply #2 on: Jul 25, 2018
Thanks


firehawk60

  • Sr. Member
  • ****
  • Posts: 315
Reply #3 on: Jul 25, 2018
Welcome :)


« previous next »
 

Did you know?

Walt Disney helped combat malaria by making an animated film in 1943 called The Winged Scourge. This short film starred the seven dwarfs and taught children that mosquitos transmit malaria, which is a very bad disease. It advocated the killing of mosquitos to stop the disease.

Did you know?

Although the Roman numeral for the number 4 has always been taught to have been "IV," according to historians, the ancient Romans probably used "IIII" most of the time. This is partially backed up by the fact that early grandfather clocks displayed IIII for the number 4 instead of IV. Early clockmakers apparently thought that the IIII balanced out the VIII (used for the number 8) on the clock face and that it just looked better.

Did you know?

Persons who overdose with cardiac glycosides have a better chance of overall survival if they can survive the first 24 hours after the overdose.

Did you know?

About 60% of newborn infants in the United States are jaundiced; that is, they look yellow. Kernicterus is a form of brain damage caused by excessive jaundice. When babies begin to be affected by excessive jaundice and begin to have brain damage, they become excessively lethargic.

Did you know?

Many of the drugs used by neuroscientists are derived from toxic plants and venomous animals (such as snakes, spiders, snails, and puffer fish).

A subculture of employees who work at a medical practice A subculture of employees who work at a medical practice
It is in the family that we first learn how to do gender, how to match our ideas, attitudes, and ... It is in the family that we first learn how to do gender, how to match our ideas, attitudes, and ...
Many children learn not to express prejudice overtly but may feel it implicitly. Many children learn not to express prejudice overtly but may feel it implicitly.
W-2 form issued to employees at the end of the year. W-2 form issued to employees at the end of the year.
New employees should be shown all exits in case of an emergency. New employees should be shown all exits in case of an emergency.
Attributed to Kojo Bonsu Final of an Okyeame Poma (SPEAKER'S STAFF) Attributed to Kojo Bonsu Final of an Okyeame Poma (SPEAKER'S STAFF)
Video: Import of Dietary Glucose from Intestines to Bloodstream

For a complete list of videos, visit our video library