The Canadian government wants to know the relative age of its workforce. As the ?baby boom? generation
Question:
The Canadian government wants to know the relative age of its workforce. As the ?baby boom? generation becomes older, the government is concerned about the availability of younger, qualified workers. To become more informed, the government hired ABC Consulting Services to survey many industries regarding employee ages. The mean and the median ages for two industries, communication and retail trade, are listed in the following table:
Comment on the distribution of age. Which industry appears to have older workers? Younger workers? In each industry, which job types show the greatest difference between mean age and median age?
DistributionThe word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...
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Basic Statistics For Business & Economics
ISBN: 9781259268939
6th Canadian Edition
Authors: Douglas A. Lind, William G Marchal, Samuel A. Wathen, Carol Ann Waite