Consider the following is data representing annual salaries to the nearest thousand dollars) of randomly selected group
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Consider the following is data representing annual salaries to the nearest thousand dollars) of randomly selected group
Consider the following is data representing annual salaries to the nearest thousand dollars) of randomly selected group of employees 61 63 72 80 70 76 97 60 57 65 67 73 66 75 61 54 61 65 70 68 53 50 50 40 51 44 62 57 51 52 50 57 52 52 56 46 11 Construct an appropriate graph to describe the above data 2) Compute the mean median, and the variance of the data 3) Compute each quartile and interpret each value. 4) Construct a 99% confidence interval for the average salary of the population and interpret the value. 5) Does the data sugest that the average salary of the population is over 65K? Use alpha 0.05. Interpret your answer.
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