(Solution Library) - The employees have indicated that 95% of employees in one of the departments are receiving higher salaries than any other department


Question: - The employees have indicated that 95% of employees in one of the departments are receiving higher salaries than any other department because their supervisor parties with them each weekend. Some employees only have an hourly rate which you have to calculate their yearly salary before completing the calculations. Please calculate the 95% standard deviation for each department and indicate for me if any department is receiving on average $2k or more on the high end.

Department 1 Department 2 Department 3 Department 4 Department 5
$22,450 18,500 B 22550 19000
$30,000 27,000 16765 29900 21540
$23,785 26,785 30011 23785 27900
A 25000 29955 B 27550
$27,594 26557 A 27600 25550

A – $9/hr @ 40 hrs week @ 50 weeks a year

B – $11/hr @ 35 hrs wee @ 52 weeks a year

Is any department receiving on average $2k or more on the high end of the standard deviation using standard deviation at 95%? If so, which department and be sure to explain your answer.

Price: $2.99
Solution: The downloadable solution consists of 2 pages
Deliverable: Word Document

log in to your account

Don't have a membership account?
REGISTER

reset password

Back to
log in

sign up

Back to
log in