Question

Use the Bureau of Labor Statistics website to search for income data on the occupation of 15-1212 Information Security Analysts. The BLS has wage information for hundreds of jobs and data can also be found by state.

Once you arrive at the site, complete the following steps to gather the data you need to answer the questions.

Step 1

• Search for information on the occupation (15-1212 Information Security Analysts) by clicking on national wage data 800 occupations. This will take you to the Occupational Employment Statistics page.
• Scroll to the bottom of that page for a table listing the major and sub-job categories. Note in the first column there is an occupation code. For example, accountants and auditors have the code 13-2011 and are listed under banking and financial operations.
• Click on the job title to find earnings information. There you will find mean wages as well as percentiles and the 5-number summary.
• Compare the mean and median pays. For example, the mean pay for accountants was $78,800 and the median was $70,500.
• Record the information on percentiles, the 5-number summary, the mean and the median.

Step 2

Include the following in your discussion post:

• Discuss your interpretation of the statistics you recorded in Part 1.
  • Percentiles
  • Mean
  • Median
• How different are the salaries shown in the map of states?
  • What is the range for your state?
  • Would you move to another state based on this data?
  • What other statistics would you want to know before making that decision?
• What effect do the lowest paid and highest paid states have on the calculation of the mean and median for the United States?
• Suppose you were asked by a potential employer to request a salary. Which is the best measure to use to find “average” earnings for your occupation? Explain your answer.

Answer 1

Discuss your interpretation of the statistics you recorded in Part 1.

If you look at percentiles wages the 10% of people getting hourly wage as $27.79 and so on but overall the hourly and Annual wages are normally distributed
Mean hourly wage is $50.10 and Median hourly wage is $47.95 this again confirms that wages are normally distributed.

-How different are the salaries shown in the map of states?

Graph "Employment of information security analysis by state,May 2019" shows that Big and advance states like New York, Ohio, TX have more employment than other states. Also, from graph "Annual mean Wage of  information security analysis by state" show that these states give highest wages compare to states with lower employment.

-What is the range for your state?

I don't live in US so this is not applicable for me but if ever i want to get job then i would like to get job in NY,TX,Virginia states to get highest Wages.

-Would you move to another state based on this data?

If Possible, and looking at other conditions one should move to another states.

-What other statistics would you want to know before making that decision?

Cost of live in highest paid area(So that it should not be like we will move to new state but your expenditure also increase and net net you are getting same as earlier), facilities and job security these are some information will help someone to make decision.

-What effect do the lowest paid and highest paid states have on the calculation of the mean and median for the United States?

As i said Mean and Median Hourly wage as nearly same and that's why lower and higher paid states are not much effecting on calculation on mean and median.

-Suppose you were asked by a potential employer to request a salary. Which is the best measure to use to find “average” earnings for your occupation? Explain your answer.

Using Median to calculate average is will be accurate because mean is sensitive to extreme values.