This document provides instructions for Assignment 1 on statistical measures for probability and statistics courses, which involves analyzing salary data from a gold mining company and employee data from 30 companies, including constructing various tables and calculating statistical measures such as means, percentiles, and coefficients. Students must submit their answers through the GCTU Moodle platform by August 24th at 10:00 PM.
This document provides instructions for Assignment 1 on statistical measures for probability and statistics courses, which involves analyzing salary data from a gold mining company and employee data from 30 companies, including constructing various tables and calculating statistical measures such as means, percentiles, and coefficients. Students must submit their answers through the GCTU Moodle platform by August 24th at 10:00 PM.
This document provides instructions for Assignment 1 on statistical measures for probability and statistics courses, which involves analyzing salary data from a gold mining company and employee data from 30 companies, including constructing various tables and calculating statistical measures such as means, percentiles, and coefficients. Students must submit their answers through the GCTU Moodle platform by August 24th at 10:00 PM.
GCTU MOODLE PLATFORM Rights Reserved QUESTION 1 The following data are the monthly salaries of some 400 workers in thousands of Ghana cedis in a certain gold mining company in GHANA
PAGE 2 The Finance Director of this Company is going for a Board Meeting to explain this data of salaries to the board for a possible increment for those at the lower levels. As his personal assistant, prepare a report for him to present at the meeting by doing the following;
1. Construct a frequency table, for this data starting with the
PAGE 3 6. Compute the Standard deviation of the distribution. Comment on your results. 7. Compute the Mean deviation of the distribution. Comment on your results. 8. Compute the coefficient of variation of the distribution. Comment on your results 9. Compute the Lower Quartile of the distribution. Comment on your results 10. Compute the Median of the distribution. Comment on your results. 11. Compute the Upper quartile of the distribution. Comment on your results. 12. Compute the 90th Percentile of the distribution. Comment on your results. 13. Compute the 10th Percentile of the distribution. Comment on your results. 14. Compute the Coefficient of Skewness of the distribution. Comment on your results. 15. Compute the Coefficient of Kurtosis of the distribution. Comment on your results. 16. Compute the 8th decile of the distribution. Comment on your results.
Using classes of 21- 30, 31- 40,… for both X and Y;
(i)Construct a Bivariate frequency distribution table for the above data (ii) Tabulate the Marginal frequency distribution of X and Y Comment on your results