Salaries of Employees ​ the Following Data Represent the Yearly

question 266

Essay

Salaries of Employees ​ The following data represent the yearly salaries (in thousands of dollars)of a sample of 13 employees of a firm: 26.5,23.5,29.7,24.8,21.1,24.3,20.4,22.7,27.2,23.7,24.1,24.8,and 28.2. ​ ​
-{Salaries of Employees Narrative} Compare the mean salary with the median salary and use them to describe the shape of the distribution.

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Definitions:

Test Statistic

A value calculated from sample data during a hypothesis test used to determine whether to reject the null hypothesis.

F-distribution

The F-distribution is a probability distribution that arises in the analysis of variances for comparing the variances of two or more samples.

F-distribution

A probability distribution that arises in the analysis of variances for comparing variances between samples.

Sample Variances

The measure of how spread out the numbers in a sample dataset are, calculated by averaging the squared differences from the sample mean.