Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Qn.1: Employees of a certain institution are paid hourly, a sample of 18 employees were interviewed and the following results were recorded; 6 earned between

Qn.1:

Employees of a certain institution are paid hourly, a sample of 18 employees were interviewed and the following results were recorded; 6 earned between $14 and $18, 5 earn between $19 and $23, 3 earned between $24 and $28, 3 earn between $29 and $33, 1earns between $34 and $38 per hour.

a) Present the given information by use of a frequency distribution table.
b) Generate the hourly boundaries
c) Determine the institutions average hourly pay
d) Construct a histogram

Qn.2:

The following random sample data give age for employees of KSMC Ltd;

a) Determine all the quartiles and quartile deviation to present this age
b) Calculate the employees mean/average age
c) Compute the ages standard deviation
d) Calculate the skewness of employee age
e) Interpret your skewness results

Qn.3:

A sample of 13 medium size supermarkets in Kampala was taken and mangers were asked about previous Months sales (x in 00,000) of product (y in tonnes).

Table 3: Results of Sales

X

20

48

29

19

12

15

11

38

13

34

44

40

45

Y

6

6

9

6

4

2

3

2

1

10

4

3

5

a) Define the term correlation giving its two types and state them
b) Compute respectively
c) Determine the Pearsons product moment correlation coefficient (r)
d) Calculate the Coefficient of Determination
e) Explain your results

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

Real Estate Finance And Investments

Authors: William Brueggeman, Jeffrey Fisher

17th Edition

1264072945, 978-1264072941

More Books

Students also viewed these Finance questions