Salary CBD - Sample Statistics Observations Size Minimum...

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Unformatted text preview: Sample Statistics Observations Size Minimum Maximum Mean $63,120 50 $56,130 $171,120 $88,989 $22,358 $80,790 $73,550 Limits of 95% Confidence Interval $114,330 Lower Upper $82,660 $82,792 $95,187 $101,490 $56,130 $78,050 $78,320 $115,690 $101,700 $80,530 $79,530 $83,320 $106,890 $85,840 $85,930 $94,820 $96,820 $82,260 $74,800 $104,910 $93,120 $127,940 $71,530 $78,070 $65,790 $92,540 $66,720 $68,500 $78,300 $57,740 $100,670 Standard Deviation SALARY SAMPLE Calculus for B Releas Published an The Mathematical A 2010 by The Arizo The University o res $80,730 $68,400 $171,120 $75,550 $118,680 $78,960 $70,830 $103,460 $100,160 $158,040 $97,180 $76,690 $82,960 $95,380 $69,300 $99,700 $79,930 Business Decisions se 2.1, 2010 nd Distributed by Association of America zona Board of Regents for of Arizona. All rights eserved. Theoretical chance of raise, using full samples: 70.8% 1000 Samples of Size 5 Statistics Salary 1 Salary 2 Salary 3 Salary 4 Salary 5 Raise? $82,276 $60,423 $94,450 $117,528 $115,782 $94,092 $88,890 $9,922 yes $127,738 $40,168 $83,753 $113,472 $64,693 $85,965 yes $73,557 $51,194 $47,696 $67,131 $71,695 $62,255 no $41,636 $76,291 $79,955 $92,004 $80,817 $74,141 no $81,678 $80,711 $119,008 $87,082 $84,827 $90,661 yes $77,515 $133,084 $108,344 $142,104 $74,347 $107,079 yes $126,136 $52,939 $101,039 $109,160 $131,892 $104,233 yes $87,099 $77,278 $104,084 $80,463 $105,928 $90,970 yes $56,700 $70,046 $54,970 $80,876 $88,263 $70,171 no $89,618 $81,774 $138,054 $50,031 $72,523 $86,400 yes $31,359 $121,356 $60,376 $74,376 $105,930 $78,680 no $99,424 $108,544 $102,309 $58,317 $64,043 $86,527 yes $104,505 $96,203 $67,976 $83,602 $91,930 $88,843 yes $101,460 $92,090 $68,622 $131,130 $99,882 $98,637 yes $90,604 $107,543 $108,262 $74,757 $68,348 $89,903 yes $113,833 $62,133 $54,135 $104,893 $103,262 $87,651 yes $138,304 $121,268 $118,142 $91,515 $89,033 $111,652 yes $99,133 $88,419 $65,409 $49,308 $107,509 $81,955 no $98,921 $102,804 $93,762 $66,029 $116,673 $95,638 yes $82,031 $70,210 $70,630 $79,398 $78,853 $76,224 no $77,278 $107,981 $100,463 $75,389 $118,166 $95,855 yes $49,618 $101,299 $86,389 $89,922 $74,366 $80,319 no $76,701 $107,978 $106,943 $99,194 $104,447 $99,053 yes $125,446 $95,784 $102,158 $130,415 $81,487 $107,058 yes $112,203 $92,197 $114,500 $85,673 $71,554 $95,226 yes Sample Mean Mean of Means St. Dev. of Means Simulating Salary Samples X is the random variable from Example 2 of Simulating Normal Random Variables . X represents the salary of a randomly selected county administrator. It is assumed that X is normal with mean $88,989 and standard deviation $22,358. $113,046 $75,981 $100,926 $101,191 $81,914 $94,612 yes $79,134 $58,448 $133,548 $76,323 $90,915 $87,674 yes $83,751 $152,382 $116,981 $108,684 $118,774 $116,114 yes $93,189 $101,106 $83,408 $61,688 $117,310 $91,340 yes $82,530 $59,792 $106,076 $106,524 $98,562 $90,697 yes $98,019 $74,499 $105,156 $100,733 $113,025 $98,286 yes $27,070 $99,359 $121,791 $50,475 $90,006 $77,740...
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Salary CBD - Sample Statistics Observations Size Minimum...

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