The following frequency distribution indicates the annual salaries of a 200 managers of a multinational corporation Annual
Question:
The following frequency distribution indicates the annual salaries of a 200 managers of a multinational corporation
Annual salary ($000) Number of Managers
15 but less than 25 24
25 but less than 35 74
35 but less than 45 52
45 but less than 55 38
55 but less than 65 12
A. Compute the mean salary of these managers (3marks)
B. Determine the median value of these managers(3 marks)
C. Compute the standard deviation and explain the meaning of this value (6 marks)
D. How skewed is the distribution? Explain (2 marks)
E. Construct an ogive curve and use this curve to answer item I through iii.
i. How many managers received less than $32000 (2marks)
ii. How many managers earn more than $50000 (2marks)
iii. Determine the third quartile, i.e percentile salary of managers (2marks)
please solve this as soon as possible and show all working outs