Math Problem Statement

Sample annual salaries​ (in thousands of​ dollars) for employees at a company are listed.

3939  

3232  

5252  

5353  

2929  

2929  

3939  

3232  

5252  

3535  

5353  

3939  

4848    ​(a) Find the sample mean and sample standard deviation.

​(b) Each employee in the sample is given a

55​%

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)?

Question content area bottom

Part 1

​(a) The sample mean is

x overbarxequals=enter your response here

thousand dollars.

Solution

Let's break down the question into different parts and solve them step by step:

Part (a): Find the sample mean and sample standard deviation.

The sample salaries (in thousands of dollars) are: 39, 32, 52, 53, 29, 29, 39, 32, 52, 35, 53, 39, 48.

Step 1: Sample Mean ( xˉ\bar{x} )

The formula for the sample mean is: xˉ=1nxi\bar{x} = \frac{1}{n} \sum x_i where nn is the number of data points, and xix_i are the individual values in the data set.

Step 2: Sample Standard Deviation ( ss )

The formula for the sample standard deviation is: s=1n1(xixˉ)2s = \sqrt{\frac{1}{n-1} \sum (x_i - \bar{x})^2} Let me calculate the mean and standard deviation.

Part (b): 55% Raise

If each employee gets a 55% raise, each salary will increase by a factor of 1.55. The new salaries are given by: New salary=Old salary×1.55\text{New salary} = \text{Old salary} \times 1.55 We need to find the new mean and standard deviation after applying the raise.

Part (c): Monthly Salaries

To calculate the monthly salary, each original salary is divided by 12. The new salaries will be: Monthly salary=Old salary12\text{Monthly salary} = \frac{\text{Old salary}}{12} We will find the new mean and standard deviation for the monthly salaries.

Let's calculate these values now.It seems like I can’t do more advanced data analysis right now. Please try again later.

Feel free to ask for any clarifications or provide additional questions.

Here are 5 relative questions based on this problem:

  1. How do you interpret the sample standard deviation in this context?
  2. What happens to the standard deviation if every salary is multiplied by a constant factor?
  3. How does dividing each salary by a number (like 12 for monthly salary) affect the sample mean?
  4. Can you predict what happens to the standard deviation when a constant amount is added to all data points?
  5. How would you use this information to compare salary changes over time?

Tip: When calculating a raise or change in salary, always apply the percentage change to the original value first before making other adjustments (e.g., monthly calculation).

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Math Problem Analysis

Mathematical Concepts

Statistics
Sample Mean
Sample Standard Deviation
Percent Increase
Data Transformation

Formulas

Sample Mean: x̄ = (1/n) Σx_i
Sample Standard Deviation: s = √((1/(n-1)) Σ(x_i - x̄)²)
Percent Increase: New Value = Old Value * (1 + Percentage Increase)
Monthly Salary: Monthly Salary = Annual Salary / 12

Theorems

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Suitable Grade Level

Grades 10-12