The employees have indicated that 95% of employees in one of the departments are
ID: 3384342 • Letter: T
Question
The employees have indicated that 95% of employees in one of the departments are receiving higher salaries than any other department because their supervisor parties with them each weekend. Some employees only have an hourly rate which you have to calculate their yearly salary before completing the calculations. Please calculate the 95% standard deviation for each department and indicate for me if any department is receiving on average $2k or more on the high end.
The employees have indicated that 95% of employees in one of the departments are receiving higher salaries than any other department because their supervisor parties with them each weekend. Some employees only have an hourly rate which you have to calculate their yearly salary before completing the calculations. Please calculate the 95% standard deviation for each department and indicate for me if any department is receiving on average $2k or more on the high end.
Department 1
Department 2
Department 3
Department 4
Department 5
$22,450
18,550
B
22555
19050
$30,050
27,050
16765
29950
21545
$23,785
26,785
30050
23785
27950
A
25050
29955
B
27550
$27,594
26557
A
27650
25550
A – $9/hr @ 40 hrs week @ 50 weeks a year
B – $11/hr @ 35 hrs wee @ 52 weeks a year
Is any department receiving on average $2k or more on the high end of the standard deviation using standard deviation at 95%? If so, which department and be sure to explain your answer.
Department 1
Department 2
Department 3
Department 4
Department 5
$22,450
18,550
B
22555
19050
$30,050
27,050
16765
29950
21545
$23,785
26,785
30050
23785
27950
A
25050
29955
B
27550
$27,594
26557
A
27650
25550
Explanation / Answer
The employees have indicated that 95% of employees in one of the departments are
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