The following data shows the yearly income distribution of a sample of 200 emplo

Question

The following data shows the yearly income distribution of a sample of 200 employees at MNM, Inc. Yearly Income (In $1,000s) Number of Employees 20 24 25 29 30 34 35-39 40-44 48 60 80 10 a. What percentage of employees has yearly incomes of more than $35,000? b. Is the figure (percentage) that you computed in Part a an example of statistical inference? c. How many variables are presented in the above data set? d. The above data set represents the results of how many observations? 1.a. 45% b. Yes c. 2 d. 200 2.a. 45% b. Yes c. 2 d. 100 C) 3.a. 45% b. No c. 1 d. 200 4.a. 45% b. No c. 2 d. 200

Explanation / Answer

a) % of employeed having income > 35000 = (80 + 10)/200 = 90/200 = 45%

b) No

c) 2

d) 200

Option 4 is correct.

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