Salary Distribution Basic Statistics

Scenario

A major client of your company is interested in the salary distributions of jobs in the state of Minnesota that range from $30,000 to $200,000 per year. As a Business Analyst, your boss asks you to research and 

analyze the salary distributions. You are given a spreadsheet that contains the following information:

  • A listing of the jobs by title
  • The salary (in dollars) for each job

The client needs the preliminary findings by the end of the day. Your boss asks you to first compute some 

basic statistics and then analyze the results in the four questions given in the Excel spreadsheet.

Instructions

The Excel spreadsheet contains five tabs. The first tab, labeled “data” requires you to calculate all measures of center and variation using the correct Excel formulas.The next four tabs contain questions for you 

to complete. Ensure that you are completely answering all questions with explanations and that your work.

is shown when needed.

You must submit the spreadsheet with the completed calculations, answers, and analysis. Instructions

The Excel spreadsheet contains five tabs.

Questions That need to be answered below…

1a. Provide a brief overview of the scenario you are given and describe the data set.

1b. Describe how you will analyze the data set.

1c. List and define all variables in the data set. Define each variable and explain your reasoning.

i. Provide the two variable names in the data set.

ii. Define both variables as either Quantitative or Qualitative. Explain your answers.

iii. For the quantitative variable listed, define them as either Discrete or Continuous. Explain your answer.

iv. Provide the level of measurement for both variables. Explain your answers.

2. Name and describe each Measure of the Center below. Include the advantages and disadvantages of 

each Measure of Center.

3. Name and describe each Measure of Variation below. Include the advantages and disadvantages of each Measure of Variation.

4a. Calculate the Measures of Center and Measures of Variation on the “Data” tab in this document. Under 

each measurement, provide the following: the calculation (including the formula), the value, the units of 

measurement, and an interpretation of the calculation in the context of the scenario.

i. Mean

ii. Median

iii. Mode

iv. Midrange

v. Range

vi. Variance

vii. Standard Deviation

4b. Compare your mean and median. Does the data appear to be skewed, or symmetrical? Explain your 

reasoning.

***PLEASE SEE UPLOADED DOCUMENT BELOW TO COMPLETE THE ASSIGNMENT. ANY QUESTIONS, 

PLEASE ME.***

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