Question

In: Statistics and Probability

Salary Frequency 0 to 19,999 3 20,000 to 29,999 7 30,000 to 39,999 12 40,000 to...

Salary

Frequency

0 to 19,999

3

20,000 to 29,999

7

30,000 to 39,999

12

40,000 to 49,999

24

50,000 to 59,999

17

60,000 to 69,999

13

70,000 to 79,999

10

80,000 to 89,999

8

90,000 or above

6

  1. The table above shows the salary range and frequency of employees at a local company. What is the probability a randomly selected employee will have a salary of $50,000 or above?
    1. 0.17
    2. 0.30
    3. 0.48
    4. 0.54

Solutions

Expert Solution

TOPIC:Probability from the frequency distribution table.


Related Solutions

Year Cash Flow Ins 1 $20,000 2 $40,000 3 $40,000 4 $20,000 5 $30,000 Rieger International...
Year Cash Flow Ins 1 $20,000 2 $40,000 3 $40,000 4 $20,000 5 $30,000 Rieger International is attempting to evaluate the feasibility of investing $96000 in a piece of equipment that has a 5 -year life. The firm has estimated the cash inflows associated with the proposal as shown in the following table. The firm has a 9 % cost of capital. a. Calculate the payback period for the proposed investment. b. Calculate the net present value (NPV) for the...
Year Project A Project B 0 -$150,000 -$150,000 1 8,000 80,000 2 30,000 40,000 3 45,000...
Year Project A Project B 0 -$150,000 -$150,000 1 8,000 80,000 2 30,000 40,000 3 45,000 35,000 4 55,000 25,000 5 85,000 20,000 At what WACC would there be a break-even between the two projects? 7.23% 8.48% 7.57% 7.89% What is the NPV for Project A assuming the WACC is 10%? $5,653.94 $10,522.64 $6,219.33 $11,574.90 What is the IRR for Project B? 11.2% 13.9% 11.6% 10.9% What is the discounted payback period of Project A assuming the WACC is 10%?...
SALARY EDUC EXPER TIME 39000 12 0 1 40200 10 44 7 42900 12 5 30...
SALARY EDUC EXPER TIME 39000 12 0 1 40200 10 44 7 42900 12 5 30 43800 8 6 7 43800 8 8 6 43800 12 0 7 43800 12 0 10 43800 12 5 6 44400 15 75 2 45000 8 52 3 45000 12 8 19 46200 12 52 3 48000 8 70 20 48000 12 6 23 48000 12 11 12 48000 12 11 17 48000 12 63 22 48000 12 144 24 48000 12 163 12...
SALARY EDUC EXPER TIME 39000 12 0 1 40200 10 44 7 42900 12 5 30...
SALARY EDUC EXPER TIME 39000 12 0 1 40200 10 44 7 42900 12 5 30 43800 8 6 7 43800 8 8 6 43800 12 0 7 43800 12 0 10 43800 12 5 6 44400 15 75 2 45000 8 52 3 45000 12 8 19 46200 12 52 3 48000 8 70 20 48000 12 6 23 48000 12 11 12 48000 12 11 17 48000 12 63 22 48000 12 144 24 48000 12 163 12...
Consider 3 individuals with incomes equal to 10,000, 20,000 and 30,000 euros. a) They face an...
Consider 3 individuals with incomes equal to 10,000, 20,000 and 30,000 euros. a) They face an income tax rate equal to 10%. Compute the Gini coefficients for the income distribution before taxes and the income distribution after taxes. b) Assume that a deduction from the tax base (taxable income) of 4,000 euros is introduced. Compute after tax incomes and the corresponding Gini coefficient. c) Suppose that instead a proportional tax rate we have an income tax with increasing marginal rate...
Retrieve the names of employees whose salary is within $20,000 of the salary of the employee...
Retrieve the names of employees whose salary is within $20,000 of the salary of the employee who is paid the most in the company (e.g., if the highest salary in the company is $80,000, retrieve the names of all employees that make at least $60,000) Based on the following table: -- drop tables DROP TABLE EMPLOYEE CASCADE CONSTRAINTS; DROP TABLE DEPARTMENT CASCADE CONSTRAINTS; DROP TABLE DEPT_LOCATIONS CASCADE CONSTRAINTS; DROP TABLE PROJECT CASCADE CONSTRAINTS; DROP TABLE WORKS_ON CASCADE CONSTRAINTS; DROP TABLE...
Frequency Table Number of Years Frequency Number of Years Frequency 7 1 22 1 14 3...
Frequency Table Number of Years Frequency Number of Years Frequency 7 1 22 1 14 3 23 1 15 1 26 1 18 1 40 2 19 4 42 2 20 3 Give the 5-number summary of these data Using the answer from question a), make a box plot of these data. Make sure to use a numbered axis. Using a value width of 10, starting from 0 (e.g. 0 – 10), make a histogram of these data. Label your...
Employee Years Employed Salary 1 27 $65,487 2 20 $46,184 3 0 $32,782 4 12 $54,899...
Employee Years Employed Salary 1 27 $65,487 2 20 $46,184 3 0 $32,782 4 12 $54,899 5 7 $34,869 6 8 $35,487 7 5 $26,548 8 15 $32,920 9 5 $29,548 10 6 $34,231 11 0 $23,654 12 9 $39,331 13 6 $36,512 14 3 $35,467 15 25 $68,425 16 9 $35,468 17 4 $36,578 18 18 $39,828 19 6 $36,487 20 19 $37,548 21 3 $31,528 22 5 $34,632 23 14 $46,211 24 2 $29,876 25 6 $43,674 26...
1, 1, 1, 1, 1, 3, 3, 3, 3, 6, 6, 6, 7, 7, 7, 12,...
1, 1, 1, 1, 1, 3, 3, 3, 3, 6, 6, 6, 7, 7, 7, 12, 12, 13, 17 1) Use three arguments to explain the character of the shape of the distribution. 2) Determine the presence of outliers in either bound of the distribution by the Fences Criterion. 3) Determine the presence of outliers in either bound using the Z-scores criterion. 4) Summarize data in general.
For the data set 1 2 3 4 7 7 7 8 11 12 12 15...
For the data set 1 2 3 4 7 7 7 8 11 12 12 15 15 16 17 17 17 18 20 20 22 24 24 25 26 26 26 26 27 30 32 32 33 34 34 36 38 39 43 44 45 46 47 47 48 51 52 52 53 54 54 54 55 56 58 58 59 61 63 65 65 67 69 70 73 75 75 76 77 77 79 80 81 82 82 (a)...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT