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Assignment Details:
- Words: 1000
- Subject- Business Statistics
Question 1
Read the below and answer ALL questions that follow.
The boss of a company asks his financial manager to analyze staff salaries. The financial manager takes a sample of 30 employees and records their salaries in R 000s.
| 1 | 8 | 2 | 2 | 1 | 2 | 2 | 8 | 3 | 2 | 3 | 0 | 2 | 6 | 4 | 2 | 5 | 4 | 3 | 6 |
| 4 | 0 | 5 | 2 | 6 | 4 | 4 | 2 | 4 | 8 | 5 | 0 | 2 | 0 | 1 | 4 | 4 | 4 | 3 | 2 |
| 4 | 2 | 6 | 2 | 4 | 6 | 4 | 2 | 6 | 0 | 5 | 4 | 3 | 6 | 2 | 4 | 3 | 4 | 3 | 8 |
- Group the data in a frequency distribution with a lowest class lower limit of R 10 000 and a class width of R 15 000.
- Calculate the estimated mean using the grouped.
- Compute the median using the grouped.
- Determine the mode using the grouped.
- Calculate the standard deviation using the grouped.
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Business Statistics Assessment Question