How error will affect summary statistics for company payroll

Assignment Help Basic Statistics
Reference no: EM131712263

Question: Mistake. A clerk entering salary data into a company spreadsheet accidentally put an extra "0" in the boss's salary, listing it as $2,000,000 instead of $200,000. Explain how this error will affect these summary statistics for the company payroll:

a) measures of center: median and mean.

b) measures of spread: range, IQR, and standard deviation.

Reference no: EM131712263

Questions Cloud

What will be the portfolios beta : Compute the expected return, standard deviation and coefficient of variation for Company B - how much should you be willing to pay for this stock
Values of the three slack variables at the optimal solution : What are the values of the three slack variables at the optimal solution?
Estimate the mean by examining the histogram : Golf drives. The display shows the average drive distance (in yards) for 202 professional golfers on the men's PGA tour.
Miscommunicating being accurate-unambiguous and clear : What is the harm in the case what do we tell the customer? If the customer opens all the accounts are miscommunicating being accurate, unambiguous and clear?
How error will affect summary statistics for company payroll : Mistake. A clerk entering salary data into a company spreadsheet accidentally put an extra "0" in the boss's salary, listing it as $2,000,000 instead.
Discuss difference between modernizing and westernizing : What is the difference between modernizing and Westernizing
What is the change in net working capital : At the end of the year, the current assets are $14,800 and the current liabilities are $14,210. What is the change in net working capital
What is the value of the fully costed work element : You are preparing to budget for a major task in the project. what is the value of the fully costed work element?
Discuss types of federal agencies and cabinet departments : Discuss the key characteristics of the four basic types of federal agencies: cabinet departments, regulatory agencies, government corporations

Reviews

Write a Review

Basic Statistics Questions & Answers

  Reasonable to assume that the two populations

With reference to Exercise 42, test at the 0.02 level of significance whether it is reasonable to assume that the two populations sampled have equal variances.

  The standard deviation speed of the 269 travelers who were

researcher seth b. young measured the walking speed of travelers in san francisco international airport and cleveland

  Find probability that adults are selected excellent health

only 3 reported that their health was excellent. Find the probability that when 13 adults are randomly selected, 3 or fewer are in excellent health.

  The following regression model has been computed based on a

the following regression model has been computed based on a sample of twenty observations 34.2 19.3x. the first

  The life in hours of a 75-watt light bulb is known to be

the life in hours of a 75-watt light bulb is known to be normally distributed with s25 hours. a random sample of 20

  State null hypothesis and alternative hypothesis for test

Carry out a hypothesis test to see if our belief can be supported. State the null hypothesis and the alternative hypothesis that we would use for this test.

  Standard deviation of the mean on either side

The lifetimes of light bulbs of a particular type are normally distributed with a mean of 370 hours and a standard deviation of 5 hours. What percentage of bulbs has lifetimes that lie within 1 standard deviation of the mean on either side?

  Charleston furniture store fire

Visit a local business in your community. If it is not possible to visit, then choose a business you are familiar with. Identify the hazards within the occupancy and what type of fire protection system (FPS)would address the fire potential contain..

  Test hypothesis that the observations come from a population

Test the hypothesis that the observations come from a population having a Poisson distribution with mean .3.

  Suppose that you were trying to determine if the population

suppose that you were trying to determine if the population proportion of americans that currently believe that nuclear

  A researcher examines the records of all registered voters

1. a researcher examines the records of all registered voters in one city and finds that 43 are registered democrats.

  Greek golden ratio

The ancient Greeks thought that the most pleasing shape for a rectangle was one for which the ratio of the length to the width was 8 to 5, the golden ration.

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