Type of paper: Case Study

Topic: Median, Information, Value, Distribution, Frequency, Women, Standard, Stem

Pages: 3

Words: 825

Published: 2021/03/22

New WowEssays Premium Database!

Find the biggest directory of over
1 million paper examples!

Frequency table

Figure 1 illustrates the frequency table.
Figure 1. The frequency table
The values are distributed among the range, and only the values 8.9 and 10.1 are repeated twice.

Histogram

The histogram displays the frequencies of the grouped values.
Figure 2. The histogram
The value of the highest bar indicates the mean value, which is about 12 $ million. The distribution is left asymmetric, namely the majority of the values are at the left side of the distribution.

Stem and leaf plot

Figure 3. The stem and leaf plot for the data

Apparently, the values close to 10 and 11 are the most frequent.

Sample mean and median
The mean calculates as the sum of all the values, divided by 25:
Mean= 38.6+34.1+16.4+16.3+15.7++8.9+8.925=13.85.
The median is the number that separates the higher half from the lower half. To calculate the median, we need to arrange the data in increasing order. The 13th value is the median
8.9; 8.9; 9.1; 9.4; 9.6; 10; 10.1; 10.1; 10.5; 11; 11.1; 11.5; 11.6; 11.8; 11.9; 12.4; 12.8; 14.7; 14.8; 14.9; 15.7; 16.3; 16.4; 34.1; 38.6.
Thus, median is 11.6.

Sample standard deviation

The standard deviation calculates as:
Std=(x1-mean)2+(x2-mean)2+(x3-mean)2++(x25-mean)225-1.
Std=(38.6-13.85)2+(34.1-13.85)2+(16.4-13.85)2++(8.9-13.85)225-1=7.19.

Conclusion

Using the statistical methods, the data of the highest paid women were analyzed. The mean compensation among the most paid women is 13.85 $ million, and the median is 11.6 $ million.
The salaries are not normally distributed, the distribution is characterized by the left asymmetry. The most frequent values are about 10 and 11 million.

Cite this page
Choose cite format:
  • APA
  • MLA
  • Harvard
  • Vancouver
  • Chicago
  • ASA
  • IEEE
  • AMA
WePapers. (2021, March, 22) Statistics Case Study Examples. Retrieved September 25, 2021, from https://www.wepapers.com/samples/statistics-case-study-examples/
"Statistics Case Study Examples." WePapers, 22 Mar. 2021, https://www.wepapers.com/samples/statistics-case-study-examples/. Accessed 25 September 2021.
WePapers. 2021. Statistics Case Study Examples., viewed September 25 2021, <https://www.wepapers.com/samples/statistics-case-study-examples/>
WePapers. Statistics Case Study Examples. [Internet]. March 2021. [Accessed September 25, 2021]. Available from: https://www.wepapers.com/samples/statistics-case-study-examples/
"Statistics Case Study Examples." WePapers, Mar 22, 2021. Accessed September 25, 2021. https://www.wepapers.com/samples/statistics-case-study-examples/
WePapers. 2021. "Statistics Case Study Examples." Free Essay Examples - WePapers.com. Retrieved September 25, 2021. (https://www.wepapers.com/samples/statistics-case-study-examples/).
"Statistics Case Study Examples," Free Essay Examples - WePapers.com, 22-Mar-2021. [Online]. Available: https://www.wepapers.com/samples/statistics-case-study-examples/. [Accessed: 25-Sep-2021].
Statistics Case Study Examples. Free Essay Examples - WePapers.com. https://www.wepapers.com/samples/statistics-case-study-examples/. Published Mar 22, 2021. Accessed September 25, 2021.
Copy

Share with friends using:

Please remember that this paper is open-access and other students can use it too.

If you need an original paper created exclusively for you, hire one of our brilliant writers!

GET UNIQUE PAPER
Related Premium Essays
Contact us
Chat now