Question
The following data show the yearly income distribution of a sample of 200 employees at MNM, Inc. Yearly Income ($1000s) Number of Employees 20-24
The following data show the yearly income distribution of a sample of 200 employees at MNM, Inc. Yearly Income ($1000s) Number of Employees 20-24 2 25-29 48 30-34 60 35-9 80 40-44 10 a. What percentage of employees have a yearly incomes of at least $35,000? b. Is the figure (percentage) that you computed in Part a. an example of statistical inference? If not, what kind of statistics does it represent? C. Based on this sample, the president of the company said that "45% of all our employees' yearly incomes are at least $35,000." The president's statement represents what kind of statistics? d. With the statement made in Part c., can we be assured that more than 45% of all employees' yearly incomes are at least $35,000? Explain. What percentage of employees of the sample have a yearly income of less than $30,000? f. How many variables are presented in the above data set? g. The above data set represents the results of how many observations?
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