Top Posters
Since Sunday
28
o
8
d
6
C
5
A
5
H
5
n
4
t
4
d
4
p
4
r
4
s
4

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

wrote...
Posts: 72
Rep:
3 weeks ago

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

 Yearly Income(In $1,000s) Numberof 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?

Textbook

Essentials of Statistics for Business and Economics

Edition: 7th
Authors:
Replies
Answer verified by a subject expert
Ama1911Ama1911
wrote...
Posts: 85
Rep:
3 weeks ago

Related Topics

henry11 Author
wrote...

3 weeks ago
 I appreciate what you did here, answered it right
wrote...

Yesterday
 Just got PERFECT on my quiz
wrote...

2 hours ago
 Thank you, thank you, thank you!
Explore
120 People Browsing
285 Signed Up Today
Related Images

220

226

271