Comparing the mean number of hours

Assignment Help Business Economics
Reference no: EM132117799

Based on the descriptive statistics for the variable Work by Gender answer and explain the following questions:

  1. When comparing the mean number of hours worked for males with the mean number for females what can be concluded?
  2. Would using the median instead of the mean change the conclusion?
  3. When comparing the standard deviation for males with the standard deviation for females what can be concluded? 

Descriptives

Gender Statistic Std. Error

Work Female Mean 31.3812 1.79787

95% Confidence Interval for Mean Lower Bound 27.8143

Upper Bound 34.9481

5% Trimmed Mean 31.3696

Median 35.0000

Variance 326.466

Std. Deviation 18.06836

Minimum .00

Maximum 70.00

Range 70.00

Interquartile Range 25.00

Skewness -.243 .240

Kurtosis -.869 .476

Male Mean 40.3254 2.52933

95% Confidence Interval for Mean Lower Bound 35.2693

Upper Bound 45.3814

5% Trimmed Mean 39.5855

Median 40.0000

Variance 403.042

Std. Deviation 20.07590

Minimum .00

Maximum 100.00

Range 100.00

Interquartile Range 29.00

Skewness .488 .302

Kurtosis .513 .595

Reference no: EM132117799

Questions Cloud

Should harlequin enter the single series market : How difficult is it to imitate what Harlequin does in series fiction? Why? How likely are competitors to imitate Harlequin?
Has the financial strength of clarkson lumber improved : How has Mr. Clarkson met the financing needs of the company during the period 1993 through 1995?
Is given type of good normally provided by private industry : Broadcast television and broadcast radio send out signals that can be received by an infinite number of receivers without reducing the quality of the reception.
Determine the shape of this data for average ten year : Generate a histogram of the 10YrReturn for these 479 funds. Using the histogram, describe within which rates of return the values are concentrated.
Comparing the mean number of hours : Based on the descriptive statistics for the variable Work by Gender answer and explain the following questions:
Define recent alternatives to traditional commercial radio : Broadcast television and broadcast radio send out signals that can be received by an infinite number of receivers without reducing the quality of the reception.
Discuss about the government policy or family law : Find another example of a government policy or family law that affects relationship decisions. Provide a reference to a study.
Interval for the mean of the paper group : Please explain how to generate a 95% interval for the mean of the paper group. The mean is 9.428.
Implement the corporate social responsibility plan : You decide that your restaurant is going to be socially responsible by implementing a corporate social responsibility plan.

Reviews

Write a Review

Business Economics Questions & Answers

  Economics assignment

This document contains various important questions and their appropriate answers in the subject field of Economics.

  Demand and supply curves

Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.

  Long-run perfectly competitive equilibrium for the firm

Evaluate Government intervene and correct this situation?(a) Explain the concept of a concentration ratio. A rise in the price of magarine Explain the impact of external costs and external benefits on resource allocation long-run perfectly c..

  Supply and demand diagrams

Explain each of the following using supply and demand diagrams,  With the use of a graph, explain how these two programs affect cigarette consumption and the price of cigarettes.

  Case study: fisher-price toys

The case study of the Fisher-Price Toys, Inc., a popular case in basic economics and management from the prestigious Harvard Business School.

  Draw the production possibility curve

Draw the production possibility curve and a. Define consumer surplus and producer surplus.

  Tax revenue

The Australian government administers two programs that affect the market for cigarettes

  Maximize total welfare

How many tickets to sell to maximize total welfare.

  Difference between the cv and the ev

The change in consumer surplus (?CS) is not "theoretically" justifiable like the CV and EV but it continues to be the most widely used measure of consumer welfare change. Explain how this can be reconciled

  Depict von neumann-morgenstern utility index u in a diagram

Depict the von Neumann-Morgenstern utility index u in a diagram

  What is the market solution

What is the market solution (market price and quantity) and What is the total surplus of the society under the market solution

  Calculate gross national product and net national product

Calculate gross national product and net national product

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd