Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The data file Work_experience.xlsx shows the salary(in $) and work experience(in years) of 100 employees in a marketing firm. Find mean and standard deviation of

The data file Work_experience.xlsx shows the salary(in $) and work experience(in years) of 100 employees in a marketing firm.

  1. Find mean and standard deviation of each variables.
  2. What are the minimum and maximum salaries at this firm. Interpret 25th percentile for salary.
  3. What are the minimum and maximum years of work experience at this firm? Interpret the 75th percentile for work experience.
  4. Find the covariance and correlation between salary and experience.
SalaryExperience
96413 26
85859 20
38851 4
30846 3
43078 25
79588 13
138118 30
122792 28
66903 12
53097 5
46146 5
33339 1
110998 28
129450 23
83950 21
146507 28
159054 25
221086 30
13305 22
30867 16
54868 9
59593 23
189092 23
47257 13
35044 3
60304 11
82525 17
161507 28
39462 18
121539 29
40294 7
67330 9
190576 27
36302 4
60434 27
39094 6
182040 31
73364 24
71574 8
138535 28
154516 29
119593 17
56739 7
57548 5
43870 7
54114 5
49294 4

64595 18

177140 25
35247 1
44405 8
59311 5
173443 24
99914 19
166536 24
120130 26
85867 26
84079 13
94254 13
37544 3
91901 13
117637 16
37786 2
37283 17
64666 14
96177 11
83404 9
48572 16
66464 13
58649 27
77270 7
115857 22
38464 5
68606 10
29609 1
63571 10
32656 2
48781 5
105573 15
39719 13
142045 22
45753 11
116719 27
105891 18
36154 2
79076 19
99978 18
50612 6
163812 23
88833 30
108818 30
162097 25
56459 7
80777 26
50960 10

36004 11

68959 20
124838 16
127534 24
76457 12

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

Probability and Random Processes With Applications to Signal Processing and Communications

Authors: Scott Miller, Donald Childers

2nd edition

123869811, 978-0121726515, 121726517, 978-0130200716, 978-0123869814

More Books

Students also viewed these Mathematics questions

Question

1 Is the idea really addressing a social/environmental issue?

Answered: 1 week ago