The International Average Salary Income Database provides a comparison of averag

Question

The International Average Salary Income Database provides a comparison of average salaries for various professions The data are gathered from publications and reports obtained directly from government agencies (such as the U.S Bureau of Labor Statistics) or from the International Labour Organization. Suppose an industrial/organizational psychologist is interested in the relationships between job satisfaction, job performance, and job compensation. She has data from five different countries on the average monthly salaries paid to computer programmers. She begins her analysis by converting all of the salary data into U.S. dollars: Average Monthly Salary Deviation Original (U.S. dollars) (U.S. dollars) Currency Standard Country Italy Hungary the Czech Republic the United States Latvia $1,557 $1,468 $1,059 $4,141 $790 $467.20 $220.20 $158.80 $1,242.20 $118.60 euro forint koruna dollar lat

Explanation / Answer

From the given data we have

z-score maximum for Latvia

The computer programmer from Latvia will likely be the most pleased with the offer, becasue salary of 1500 per month for this country corresponds to the z = 5.99

Country Mean SD Central Limit Thm z Italy 1557 467.2 z = (1500 - 1557)/467.2 -0.1220 Hungary 1468 220.2 z = (1500 - 1468)/220.2 0.1453 CZR 1059 158.8 z = (1500 - 1059)/158.8 2.7771 US 4141 1242.2 z = (1500 - 4141)/1242.2 -2.1261 Latvia 790 118.6 z = (1500 - 790)/118.6 5.9865

Related Questions

Navigate

• Browse (All)
• Browse T
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.