The Following Data Shows the Yearly Income Distribution of a Sample

question 11

Essay

The following data shows the yearly income distribution of a sample of 200 employees at MNM, Inc. a. What percentage of employees has yearly incomes of $35,000 or more?
b. Is the figure (percentage) that you computed in Part a an example of statistical inference? If no, what kind of statistics does it represent?
c. Based on this sample, the president of the company said that "45% of all our employees' yearly incomes are $35,000 or more." The president's statement represents what kind of statistics?
d. With the statement made in Part c, can we be assured that more than 45% of all employees' yearly incomes are at least $35,000? Explain.
e. What percentage of employees of the sample has yearly incomes of $29,000 or less?
f. How many variables are presented in the above data set?
g. The above data set represents the results of how many observations?

Distinguish between criminal law suits and those brought under other types of law, including the necessary proof standards.

Understand the contributions of various jurists to the definition and theory of law.

Acknowledge the role and limits of stare decisis in the legal system.

Identify the types of remedies available in the legal system and the sources of law that can bring about comprehensive legal changes.

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Definitions:

Proportional Bandwidth

In control systems, a parameter that determines the range over which the output is modified in proportion to the error or difference from a set point.

Time Proportioning Control

This control method adjusts the duty cycle of an output to regulate a process variable, commonly used in temperature control systems.

Final Control Element

The Final Control Element in a control system is the device, such as a valve or actuator, that directly manipulates the physical process based on control signals.

Integral Action

A control action in which the controller output is proportional to the duration and magnitude of the error signal, commonly used in PID controllers.