The Following Is a Frequency Distribution for the Ages of a Sample

question 110

Essay

The following is a frequency distribution for the ages of a sample of employees at a local company.

a.Determine the average age for the sample.
b.Compute the variance.
c.Compute the standard deviation.
d.Compute the coefficient of variation.

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Definitions:

Income Tax

A tax that governments impose on financial income generated by all entities within their jurisdiction.

Withholding Allowance Certificate

A form used by employees to indicate their tax status to employers, determining how much federal income tax to withhold from their earnings.

Form W-4

A U.S. tax form used by employees to indicate their tax situation to their employer, determining the amount of taxes withheld from their paycheck.

Known Liabilities

Obligations that are quantifiable, and the company is aware of, including debts and other financial responsibilities that appear on the balance sheet.