Describe how you will be analyzing the data set

Assignment Help HR Management

Reference no: EM131934420

Question: Competency: Examine basic descriptive statistics, and demonstrate results using calculated values and statistical charts.

Instructions: Scenario (Information repeated for deliverable 01, 03, and 04): A major client of your company is interested in the salary distributions of jobs in the state of Minnesota that range from $40,000 to $120,000 per year. As a Business Analyst, your boss asks you to research and analyze the salary distributions. You are given a spreadsheet that contains the following information:

• A listing of the jobs by title

• The salary (in dollars) for each job

The client needs the preliminary findings by the end of the day, and your boss asks you to first compute some basic statistics.

Background information on the Data

The data set in the spreadsheet consists of 364 records that you will be analyzing from the Bureau of Labor Statistics. The data set contains a listing of several jobs titles with yearly salaries ranging from approximately $40,000 to $120,000 for the state of Minnesota.

What to Submit

Your research and analysis should be presented on the Word document provided. All calculations and work should be provided on a separate Excel workbook that should be submitted to your boss as well.

1. Introduce your scenario and data set.

• Provide a brief overview of the scenario you are given and describe the data set.

• Describe how you will be analyzing the data set.

• Classify the variables in your data set.

i. Which variables are quantitative/qualitative?

ii. If it is a quantitative variable, is it discrete or continuous?

iii. Describe the level of measurement for each variable included in the data set (nominal, ordinal, interval, ratio).

2. Discuss the importance of the Measures of Center.

• Name and describe each measure of center.

• Discuss the advantages and/or disadvantages of each.

3. Discuss the importance of the Measures of Variation.

• Name and describe each measure of variation.

• Discuss the advantages and/or disadvantages of each.

4. Calculate the measures of center and measures of variation from the data set and list them below. Be sure to include

(a) an interpretation of each measure in context of the scenario(for example, if the median is larger than the mean, what does it mean? What does the value of standard deviation tell you?) and

(b) correct units of measurement. Show your calculations in your spreadsheet. You do not need to include Excel functions in your written answer below.

• Mean

• Median

• Mode

• Midrange

• Range

• Variance

• Standard deviation

Information related to above question is enclosed below:

Attachment:- Deliverable_Spreadsheet2.rar

Reference no: EM131934420

Questions Cloud

How does the picture of our founding fathers painted by zinn : How does the picture of our founding fathers painted by Zinn, Loewen, Brands and Lepore differ from the stories we often learn in history courses?

Write a recursive definition of m : a. Write a recursive definition of m (x). b. Prove that your answer to part a is correct by using mathematical induction.

What strategies were used to collect the data : What strategies were used to collect the data (e.g., semi-structured interviews, open-ended interviews, chart reviews, etc.)

How have your readings and studies in the class differed : how have your readings and studies in this class differed from the ways in which these topics have been portrayed to you in previous classes?

Describe how you will be analyzing the data set : Competency: Examine basic descriptive statistics, and demonstrate results using calculated values and statistical charts.

Consider a language of the character strings : Consider a language of the following character strings: The letter A, the letter B, the letter C followed by a string that is in the language, and the letter D

How do the teams manage their team boundaries : Consider the different teams presented in your reading assignment. How do the teams manage their team boundaries?

What are the far-reaching consequences of the ways : Address the following in a complete 2-3 pages paper: What are the far-reaching consequences of the ways in which so many of us have been taught history?

Significant features missing or unusable : Technical projects fail when they deliver significantly late, substantially over budget, and/or with significant features missing or unusable.

User Account

All Pages