Answered step by step
Verified Expert Solution
Question
1 Approved Answer
I am having trouble understanding and completeing this assignment. ID 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15
I am having trouble understanding and completeing this assignment.
ID 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 Salary Compa- Midpoint ratio 63.9 27.7 34.3 57.6 47.4 75.2 41.9 23.4 74 24.2 23.7 58.3 41.4 23.7 23 41.5 63.6 34.3 24.7 35.5 78.1 49 23.1 56.8 24.2 23.1 45.3 76.4 74.6 48.2 23.1 27.8 61.7 27.5 23.7 25.1 23.4 60.1 36.7 25.1 38.8 23 1.121 0.892 1.105 1.010 0.987 1.122 1.048 1.018 1.105 1.054 1.032 1.022 1.034 1.030 1.001 1.037 1.115 1.107 1.073 1.144 1.166 1.020 1.005 1.183 1.053 1.003 1.132 1.141 1.113 1.005 1.006 0.898 1.083 0.886 1.032 1.093 1.016 1.054 1.184 1.090 0.971 1.001 57 31 31 57 48 67 40 23 67 23 23 57 40 23 23 40 57 31 23 31 67 48 23 48 23 23 40 67 67 48 23 31 57 31 23 23 23 57 31 23 40 23 Age 34 52 30 42 36 36 32 32 49 30 41 52 30 32 32 44 27 31 32 44 43 48 36 30 41 22 35 44 52 45 29 25 35 26 23 27 22 45 27 24 25 32 Performance Service Gender Rating 85 80 75 100 90 70 100 90 100 80 100 95 100 90 80 90 55 80 85 70 95 65 65 75 70 95 80 95 95 90 60 95 90 80 90 75 95 95 90 90 80 100 8 7 5 16 16 12 8 9 10 7 19 22 2 12 8 4 3 11 1 16 13 6 6 9 4 2 7 9 5 18 4 4 9 2 4 3 2 11 6 2 5 8 0 0 1 0 0 0 1 1 0 1 1 0 1 1 1 0 1 1 0 1 0 1 1 1 0 1 0 1 0 0 1 0 0 0 1 1 1 0 1 0 0 1 Raise Degree 5.7 3.9 3.6 5.5 5.7 4.5 5.7 5.8 4 4.7 4.8 4.5 4.7 6 4.9 5.7 3 5.6 4.6 4.8 6.3 3.8 3.3 3.8 4 6.2 3.9 4.4 5.4 4.3 3.9 5.6 5.5 4.9 5.3 4.3 6.2 4.5 5.5 6.3 4.3 5.7 0 0 1 1 1 1 1 1 1 1 1 0 0 1 1 0 1 0 1 0 1 1 0 0 0 0 1 0 0 0 1 0 1 1 0 0 0 0 0 0 0 1 43 44 45 46 47 48 49 50 75 64.4 47.4 68.7 59.6 65.9 69.1 65.2 1.120 1.129 0.988 1.205 1.045 1.156 1.213 1.143 67 57 48 57 57 57 57 57 42 45 36 39 37 34 41 38 95 90 95 75 95 90 95 80 20 16 8 20 5 11 21 12 1 0 1 0 0 1 0 0 5.5 5.2 5.2 3.9 5.5 5.3 6.6 4.6 0 1 1 1 1 1 0 0 Gender Grade 1 M M F M M M F F M F F M F F F M F F M F M F F F M F M F M M F M M M F F F M F M M F E B B E D F C A F A A E C A A C E B A B F D A D A A C F F D A B E B A A A E B A C A Copy Employee Data set to this page. The ongoing question that the weekly assignments will focus on is: Are males and females p Note: to simplfy the analysis, we will assume that jobs within each grade comprise equal wor The column labels in the table mean: ID - Employee sample number Salary - Salary in thousands Age - Age in years Performance Rating - Appraisal rating (Employee ev SERvice - Years of service Gender: 0 = male, 1 = female Midpoint - salary grade midpointRaise - percent of last raise Grade - job/pay grade Degree (0= BS\\BA 1 = MS) Gender1 (Male or Female) Compa-ratio - salary divided by midpoint F M F M M F M M F E D E E E E E age. : Are males and females paid the same for equal work (under the Equal Pay Act)? grade comprise equal work. aisal rating (Employee evaluation score) by midpoint This assignment covers the material presented in weeks 1 and 2. Six Questions Before starting this assignment, make sure the the assignment data from the Employee Salary Data Set file is copied o You can do this either by a copy and paste of all the columns or by opening the data file, right clicking on the Data tab (Weekly Assignment Sheet or whatever you are calling your master assignment file). It is highly recommended that you copy the data columns (with labels) and paste them to the right so that whatever yo To Ensure full credit for each question, you need to show how you got your results. For example, Question 1 asks for then the cells should have an "=XX" formula in them, where XX is the column and row number showing the value in value using fxfunctions, then each function should be located in the cell and the location of the data values should be So, Cell D31 - as an example - shoud contain something like "=T6" or "=average(T2:T26)". Having only a numerica The reason for this is to allow instructors to provide feedback on Excel tools if the answers are not correct - we need t In starting the analysis on a research question, we focus on overall descriptive statistics and seeing if differences exist 1 The first step in analyzing data sets is to find some summary descriptive statistics for key variables. Since t focus mostly on the compa-ratios, we need to find the mean, standard deviations, and range for our groups: Sorting the compa-ratios into male and females will require you copy and paste the Compa-ratio and Gende The values for age, performance rating, and service are provided for you for future use, and - if desired - to (see if you can replicate the values). You can use either the Data Analysis Descriptive Statistics tool or the Fx =average and =stdev functions. The range can be found using the difference between the =max and =min functions with Fx functions or fr Suggestion: Copy and paste the compa-ratio data to the right (Column T) and gender data in column U. If you use Descriptive statistics, Place the output table in row 1 of a column to the right. If you did not use Descriptive Statistics, make sure your cells show the location of the da Overall Female Male Comparatio Mean 1.0638 Standard Deviation 0.0765 Range 0.327 Mean 1.0654 Standard Deviation 0.0628 Range 0.196 Mean 1.0622 Standard Deviation 0.0895 Range 0.327 Age 35.7 8.2513 30 32.5 6.9 26.0 38.9 8.4 28.0 Perf. Rat. Service 85.9 9.0 11.4147 5.7177 Note - remember the dat 45 21 84.2 7.9 13.6 4.9 45.0 18.0 87.6 10.0 8.7 6.4 30.0 21.0 A key issue in comparing data sets is to see if they are distributed/shaped the same. At this point we can do this by looking at the probabilities that males and females are distributed in the same way for a grade levels. 2 Empirical Probability: What is the probability for a: a. Randomly selected person being in grade E or above? b. Randomly selected person being a male in grade E or above? c. Randomly selected male being in grade E or above? d. Why are the results different? 3 Normal Curve based probability: For each group (overall, females, males), what are the values for each que A Probability Make sure your answer cells show the Excel function and cell location of the data used. The probability of being in the top 1/3 of the compa-ratio distribution. Note, we can find the cutoff value for the top 1/3 using the fx Large function: =large(range, value). Value is the number that identifies the x-largest value. For the top 1/3 value would be the value that starts t For the overall group, this would be the 50/3 or 17th (rounded), for the gender groups, it would be the 25/3 i. How nany salaries are in the top 1/3 (rounded to nearest whole number) for each group? ii What Compa-ratio value starts the top 1/3 of the range for each group? iii What is the z-score for this value? iv. What is the normal curve probability of exceeding this score? B How do you interpret the relationship between the data sets? What does this suggest about our equal pay fo 4 A Based on our sample data set, can the male and female compa-ratios in the population be equal to each othe First, we need to determine if these two groups have equal variances, in order to decide which t-test to use. What is the data input ranged used for this question: Step 1: Ho: Ha: Step 2: Decision Rule: Step 3: Statistical test: Why? Step 4: Conduct the test - place cell B77 in the output location box. Step 5: Conclusion and Interpretation What is the p-value: Is the P-valueStep by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started