Stats for Managers-Dr Willian

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alana22week_1_data_questions.xlsx

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Score: Week 1. Measurement and Description - chapters 1 and 2
<1 point> 1 Measurement issues. Data, even numerically coded variables, can be one of 4 levels - The column labels in the table mean:
nominal, ordinal, interval, or ratio. It is important to identify which level a variable is, as ID – Employee sample number Salary – Salary in thousands
this impact the kind of analysis we can do with the data. For example, descriptive statistics Age – Age in years Performance Rating - Appraisal rating (employee evaluation score)
such as means can only be done on interval or ratio level data. Service – Years of service (rounded) Gender – 0 = male, 1 = female
Please list under each label, the variables in our data set that belong in each group. Midpoint – salary grade midpoint Raise – percent of last raise
Nominal Ordinal Interval Ratio Grade – job/pay grade Degree (0= BS\BA 1 = MS)
Gender1 ID Raise Performance rating-Appraisal rating (employee evaluation score) Gender1 (Male or Female) Compa - salary divided by midpoint
Degree Midpoint
Salary
Norminal are qualitative and are categorized using names, labels or qualities. Ordinal can be qualitative or quantitative and the data are arranged in order or ranked.
Interval is ordered and meaningful differences between data entries can be calculated. Ratio of two data values can be formed so that one data value can be meaningfully expressed as a multiple of another.
b. For each variable that you did not call ratio, why did you make that decision?
<1 point> 2 The first step in analyzing data sets is to find some summary descriptive statistics for key variables.
For salary, compa, age, performance rating, and service; find the mean, standard deviation, and range for 3 groups: overall sample, Females, and Males.
You can use either the Data Analysis Descriptive Statistics tool or the Fx =average and =stdev functions.
(the range must be found using the difference between the =max and =min functions with Fx) functions.
Note: Place data to the right, if you use Descriptive statistics, place that to the right as well.
Salary Compa Age Perf. Rat. Service
Overall Mean 44.7 1.0553 35.7 85.9 9.0
Standard Deviation 19.4507 0.0856 8.2513 11.4147 5.7117
Range 59.2 0.396 30 45 21
Female Mean 37.2 1.0532 32.5 84.2 7.4
Standard Deviation 17.544 0.0809 6.881 13.592 4.321
Range 53.7 0.31899 26 45 17
Male Mean 52.3 1.0574 38.9 87.6 10.0
Standard Deviation 18.615 0.092 8.386 8.675 6.357
Range 57.9 0.374 28 30 21
<1 point> 3 What is the probability for a: Probability
a.       Randomly selected person being a male in grade E? 10 out of 50
b.      Randomly selected male being in grade E? 10 out of 25
Note part b is the same as given a male, what is probabilty of being in grade E?
c. Why are the results different?
In part a there are only 10 changes to select a person with a male in grade E out of the entire
population of 50, however in part a out of the entire samples of 25 males there are only 10 chances. with E
<1 point> 4 For each group (overall, females, and males) find: Overall Female Male I can do all things through Christ that strengthen me.
For the overall Salary Column: Variance(population st. dev) 0.00718 1.05528 1.04668 1.0574
Mean is 1.05528 Standard deviation: 0.08559 For the females I added up all the females in the Salary colum then divide it by the number of females.
Population standard deviation: 0.08473 variance(St.dev)0.00733 For the males I added all the number of males in the Salary colum then divided the the total number of males.
a. The value that cuts off the top 1/3 salary in each group. Hint: can use these Fx functions
b. The z score for each value: Excel's standize function
c. The normal curve probability of exceeding this score: 1-normsdist function
d. What is the empirical probability of being at or exceeding this salary value?
e. The value that cuts off the top 1/3 compa in each group.
f. The z score for each value:
g. The normal curve probability of exceeding this score:
h. What is the empirical probability of being at or exceeding this compa value?
i. How do you interpret the relationship between the data sets? What do they mean about our equal pay for equal work question?
<2 points> 5.      What conclusions can you make about the issue of male and female pay equality? Are all of the results consistent?
What is the difference between the sal and compa measures of pay?
Conclusions from looking at salary results:
Conclusions from looking at compa results:
Do both salary measures show the same results?
Can we make any conclusions about equal pay for equal work yet?

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