Attempts: Keep the Highest:17 4. Using z-scores to compare different populations

Question

Attempts: Keep the Highest:17 4. Using z-scores to compare different populations Aa 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 accountants. She begins her analysis by converting all of the salary data into U.S. dollars: Average Standard Monthly Salary Deviation Original (U.S. dollars) (U.S. dollars) Currency Country the Czech Republic Latvia Korea Romania the United States $928 $709 $2,789 $597 $3,370 $139.20 $106.40 $836.80 $89.60 koruna lat won leu $1,011.00 dollar the differences among the countries, she calculates the z-scores for an accountant making $1,500 per To appreciate month. Use the dropdown menus to complete the following table. z-score for $1,500 Salary Country the Czech Republic Latvia Korea Romania the United States

Explanation / Answer

as we know that z score =(X-mean)/std deviaiton therefore from abve:

acountant rom Latvia will be more pleased ;.......... coresponds to  the highest z score.

country average std deviaiton z score the Czech Republic 928 139.2 4.1092 Latvia 709 106.4 7.4342 Korea 2789 836.8 -1.5404 Romania 597 89.6 10.0781 the United States 3370 1011 -1.8497

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