WGI is a large international construction company with operations in 43 countries. The company has been a
Question:
Required Tasks:
1. Develop and interpret histograms showing the distributions of current hourly rates and proposed new hourly rates for the crew members.
2. Compute and interpret key measures of central tendency and variation for the current and new hourly rates. Determine the coefficient of variation for each.
3. Compute a new variable called Pay Increase that reflects the difference between the proposed new pay rate and the current rate. Develop a histogram for this variable, and then compute key measures of the center and variation for the new variable.
4. Compute a new variable that is the percentage increase in hourly pay rate. Prepare a graphical and numerical description of this new variable.
5. Prepare a report to the city council that contains the results from tasks 1€“4.
Step by Step Answer:
Business Statistics A Decision Making Approach
ISBN: 9780133021844
9th Edition
Authors: David F. Groebner, Patrick W. Shannon, Phillip C. Fry