Math Problem Statement
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Part 1
Sample annual salaries (in thousands of dollars) for employees at a company are listed.
53 51 55 49 30 30 53 51 55 31 49 53 41
(a) Find the sample mean and sample standard deviation.
(b) Each employee in the sample is given a 6% raise. Find the sample mean and sample standard deviation for the revised data set.
(c) To calculate the monthly salary, divide each original salary by 12. Find the sample mean and sample standard deviation for the revised data set.
(d) What can you conclude from the results of (a), (b), and (c)?
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Part 1
(a) The sample mean is x overbarequals
enter your response here thousand dollars.
(Round to one decimal place as needed.)
Solution
To solve the given problem, let's break it into parts and address each step. The data provided represents annual salaries (in thousands of dollars):
Data
(a) Find the sample mean and sample standard deviation.
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Sample Mean: The formula for the sample mean is: where is the number of data points.
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Sample Standard Deviation: The formula is:
(b) Each employee gets a 6% raise.
If each salary is increased by 6%, the new salary for each employee becomes: Calculate the new sample mean and standard deviation for the updated salaries.
(c) Monthly Salary Calculation:
For monthly salary: [ x_i'' =
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Math Problem Analysis
Mathematical Concepts
Statistics
Sample Mean
Sample Standard Deviation
Percentage Increase
Division and Proportions
Formulas
Sample Mean: x̄ = Σxᵢ / n
Sample Standard Deviation: s = √[Σ(xᵢ - x̄)² / (n - 1)]
Adjusted Salary: x' = x × (1 + percentage/100)
Monthly Salary: x'' = x / 12
Theorems
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Suitable Grade Level
Grades 10-12
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