When PricewaterhouseCoopers Saratoga released its 2005/2006 Human Capital Index Report it indicated that the average hiring cost
Question:
When PricewaterhouseCoopers Saratoga released its 2005/2006 Human Capital Index Report it indicated that the average hiring cost for an American company to fill a job vacancy in 2004 was $3,270. Sample data for recent job hires is in a file entitled Hired.
a. Calculate the variance and standard deviation for the sample data.
b. Construct a box and whisker plot. Does this plot indicate that extreme values (outliers) may be inflating the measures of spread calculated in part a?
c. Suggest and calculate a measure of spread that is not affected by outliers.
Step by Step Answer:
Related Book For
Business Statistics A Decision Making Approach
ISBN: 9780136121015
8th Edition
Authors: David F. Groebner, Patrick W. Shannon, Phillip C. Fry, Kent D. Smith
Question Posted: