Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

I am suffering from answering question 1. Can anyone please help me with an answer to Q1 (a b c d e f)? 1. A

I am suffering from answering question 1.

Can anyone please help me with an answer to Q1 (a b c d e f)?

image text in transcribed
1. A survey has been conducted recently to study the hourly wages of part-time employees at the Food Delivery services sector. The result was organized into the following frequency distribution. Hourly Wages Number of Part-time Employees $40 - less than $50 12 $50 - less than $60 26 $60 - less than $70 35 $70 - less than $80 17 $80 - less than $90 8 $90 - less than $100 N (a) Calculate the mean, mode and standard deviation of the hourly wages. [6 marks] (b) Calculate the coefficient of variation. [1 mark] (c) If the median is equal to (60 + $), calculate Pearson's 2nd coefficient of skewness and interpret your answer briefly. [1 mark] (d) The government wants to carry out similar survey next year. If the error of a point estimate of the mean is not more than $1.5, use the 97% confidence level to determine the sample size required to achieve this error. [3 marks] (e) Estimate, from the frequency distribution, the probability that at most one of six randomly selected employees have an hourly wages greater than $75. [5 marks] (f) Construct a 95% confidence interval for the population mean of hourly wages for all part-time em- ployees in the Food Delivery service sector. State any assumptions you may have used. [4 marks]

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Applied Calculus

Authors: Stefan Waner, Steven Costenoble

6th Edition

1285415310, 9781285415314

More Books

Students also viewed these Mathematics questions

Question

Explain the difference between positive face and autonomous face.

Answered: 1 week ago