Statistical Case Study - MBA Salaries

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Case2p118PelosiStartingSalariesAnswerSheet.xls

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Statistical Case Study 2 MBA Salaries
Case 2 Text: Pelosi
P. 188 Chapter 3, Numerical Descriptors of Data
ANSWER SHEET
Graduates Salaries Fill out the sheet (answer all questions) & upload it to the
assignment page for Stats Case 2.
1. Pick a representative random sample of the 100 slaries
2. Random Sampling Method? n=20 Question 2: Describe the Method and enter the answers below:
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20 Text-your
Textbook Difference
Your ans. Mean $ 26,385
Median $ 26,150
Mode
Max
Min
Range
SDs
Population
Sample
Derived by
Representative?
Conclusions:
Is sample representative? Put your conclusion below:
Is sampling method sound?
Why/not?
Is data skewed?
Which average is most reliable/representative?

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