2-1 Data Set 1 (Descriptive Statistics)

2-1 Data Set 1 (Descriptive Statistics) - QSO-510 Professor...

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QSO-510 Professor: A Duhon 2-1 Descriptive Statistics (Data Set 1) Interpreting the above descriptive statistics for the annual salaries of plant operators, it can be seen from the 12 salaries, the maximum salary is $81,655 and the minimum salary is $67,956. The average salary is $75,196. The range or spread between the highest and lowest salaries is approximately $13,700. The standard deviation is approximately $4687. The range between the
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Unformatted text preview: maximum and minimum salaries is approximately $13,700 and since there are no extreme salaries, the standard deviation which measures how much the salaries deviate from the mean, tells us that the salaries deviate only $4687 from the average salary. The mode which tells us which salary occurs most frequently is not applicable because there is no two similar salaries....
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