BUS 308 Statistics for Managers

BUS 308 Statistics for Managers

Paper details:
Have to take provided data and answer the following questions: 3 What is the probability for a: Probability a.       Randomly selected person being a male in grade E? b.      Randomly selected male being in grade E? Note part b is the same as given a male, what is probabilty of being in grade E? c. Why are the results different? 4 For each group (overall, females, and males) find: Overall Female Male a. The value that cuts off the top 1/3 salary in each group. b. The z score for each value: c. The normal curve probability of exceeding this score: d. What is the empirical probability of being at or exceeding this salary value? e. The value that cuts off the top 1/3 compa in each group. f. The z score for each value: g. The normal curve probability of exceeding this score: h. What is the empirical probability of being at or exceeding this compa value? i. How do you interpret the relationship between the data sets? What do they mean about our equal pay for equal work question? 5.      What conclusions can you make about the issue of male and female pay equality? Are all of the results consistent? What is the difference between the sal and compa measures of pay? Conclusions from looking at salary results: Conclusions from looking at compa results: Do both salary measures show the same results? Can we make any conclusions about equal pay for equal work yet?

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