Calculating Deceptive Statistics, business and finance homework help
Calculating Deceptive Statistics, business and finance homework help
Refer to the Excel file Salary (attached to the assignment) to address all the questions below:
- What is the probability for:
a.) Randomly selecting a person being a male in Grade E?
b.) Given that we picked a random person and he was a male, what is the probability of being in grade E?
c.) Why the results different?
2. Consider each group (Male and Female separately) and assume the salaries follow a Normal Probability distribution:
a.) What is the top 75th percentile of salary for Males?
b.) What is the top 75th percentile of salary for Females?
c.) What is the probability that a male picked at random makes more than 50K?
d.) What is the probability that a female picked at random makes between 30K and 40K?
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