Chat with us, powered by LiveChat A major client of your company is interested in the salary distributions of jobs in the state of Minnesota that range from \$30,000 to \$200,000 per - Writeedu

## 15 May A major client of your company is interested in the salary distributions of jobs in the state of Minnesota that range from \$30,000 to \$200,000 per

A major client of your company is interested in the salary distributions of jobs in the state of Minnesota that range from \$30,000 to \$200,000 per year. As a Business Analyst, your boss asks you to research and analyze the salary distributions. You are given a spreadsheet that contains the following information:

• A listing of the jobs by title
• The salary (in dollars) for each job

Deliverable 1 – Descriptive Statistics_.xlsx

The client needs the preliminary findings by the end of the day. Your boss asks you to first compute some basic statistics and then analyze the results in the four questions given in the Excel spreadsheet.

##### Background information on the Data

The data set in the spreadsheet consists of 364 records that you will be analyzing from the Bureau of Labor Statistics. The data set contains a listing of several jobs titles with yearly salaries ranging from approximately \$30,000 to \$200,000 for the state of Minnesota.

## Question 1

1a. Provide a brief overview of the scenario you are given and describe the data set.

1b. Describe how you will be analyzing the data set.

1c. List all variables in the data set. Define each variable as follows and explain your reasoning. i. Provide the two variable names in the data set. > > ii. Define both variable as either Quantitative or Qualitative. Explain your answers. > > iii. For the quantiative variable listed, define them as either Discrete or Continuous. Explain your answer. > iv. Provide the level of measurement for both variables. Explain your answers. > >

## Question 2

2. Name and describe each Measure of Center below. Include the advantages and disadvantages of each Measure of Center.

## Question 3

3. Name and describe each Measure of Variation below. Include the advantages and disadvantages of each Measure of Variation.

## Question 4

4a. Calculate the Measures of Center and Measures of Variation on the "Data" tab in this document. Under each measurement, provide the following: the calculation (including the Excel formula), the value, the units of measurement, and an interpretation of the calculation in context of the scenario. i. Mean ii. Median iii. Mode iv. Midrange v. Range vi. Variance vii. Standard Deviation

4b. Compare your mean and median. Does the data appear to be skewed or symmetrical? Explain your reasoning.

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