Essay
Consider the frame of 50 full-time employees of Computer Technologies,Inc (CTI).CTI's human resources manager has collected annual salary figures for all employees and she has calculated a mean of $47,723,a median of $41,082 and a standard deviation of $24,167.A simple random sample of 10 employees is presented below (salary is in $1,000's).Compute the mean,median,and standard deviation for the sample and compare these statistics with the measures for the entire company.
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Sample statistics: mean = $52,100,median...View Answer
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