Question

In: Accounting

Background An American College conducted a study in the early 2000 to examine if there were...

Background

An American College conducted a study in the early 2000 to examine if there were any gender pay gaps[1] in its four schools: Business, Health, Liberal Studies and Sciences. Data were collected of a sample of 199 academics on their annual salary, years of service, rank, school, gender and age. The data file: Faculty Salary (Research Report Dataset).xlsx is available on Blackboard. A small portion of the data is shown below:

Faculty ID

Age

Years of Service

Rank

School

Gender M/F

Salary ($/year)

1

49

22

ASST

BUSINESS

F

106632

2

31

0

ASST

BUSINESS

F

80000

3

34

2

ASST

BUSINESS

F

114666

Legend: There are three academic ranks in the dataset: ASST, ASSO and PROF, which stand for Assistant Professor, Associate Professor and Professor respectively.

Task 1 (Boxplots and t-tests)

(a) Construct separate boxplots of salaries for male and female academics, and compare their distributions (central location, spread and skewness).

                                                                                                                                       

(b) Test if male academics on average earn more than their female counterparts at 1%.

                                                                                                                                        (1 mark)

(a) Considering assistant professors only, test if male assistant professors on average earn more than female assistant professors at 1%.

(1 mark)

(b) Considering associate professors only, test if male associate professors on average earn more than female associate professors at 1%.

(1 mark)

(c)   Considering professors only, test if male professors on average earn more than female professors at 1%.

(1 mark)

Faculty ID Age Years of Service Rank School Gender M/F Salary ($/year)
1 49 22 ASST BUSINESS F 106632
2 31 0 ASST BUSINESS F 80000
3 34 2 ASST BUSINESS F 114666
4 34 0 ASST BUSINESS F 112000
5 41 6 ASSO BUSINESS F 119962
6 28 0 ASST BUSINESS F 110000
7 58 23 ASSO LIBERAL STUDIES F 94376
8 52 22 ASST LIBERAL STUDIES F 83506
9 35 6 ASSO LIBERAL STUDIES F 81124
10 37 7 ASSO LIBERAL STUDIES F 75116
11 42 7 ASSO LIBERAL STUDIES F 83568
12 30 3 ASST LIBERAL STUDIES F 66958
13 57 23 PROF LIBERAL STUDIES F 111758
14 53 23 PROF LIBERAL STUDIES F 110750
15 26 0 ASST LIBERAL STUDIES F 74000
16 59 30 ASST LIBERAL STUDIES F 98926
17 39 4 ASST LIBERAL STUDIES F 66190
18 51 19 ASSO LIBERAL STUDIES F 95138
19 38 4 ASST LIBERAL STUDIES F 66190
20 54 21 ASSO LIBERAL STUDIES F 84870
21 43 17 ASSO LIBERAL STUDIES F 78460
22 35 0 ASST LIBERAL STUDIES F 56700
23 31 3 ASST LIBERAL STUDIES F 63666
24 41 6 ASSO LIBERAL STUDIES F 76908
25 31 1 ASST LIBERAL STUDIES F 62776
26 56 21 PROF LIBERAL STUDIES F 105900
27 43 18 ASSO LIBERAL STUDIES F 90310
28 48 20 ASSO LIBERAL STUDIES F 92424
29 49 21 ASST HEALTH F 95386
30 49 17 ASSO HEALTH F 87098
31 40 7 ASSO HEALTH F 74218
32 32 1 ASST HEALTH F 64800
33 37 4 ASST HEALTH F 71314
34 54 24 PROF HEALTH F 110770
35 32 3 ASST HEALTH F 66924
36 38 7 ASSO HEALTH F 74410
37 34 6 ASST HEALTH F 65700
38 28 3 ASST HEALTH F 70218
39 26 1 ASST HEALTH F 76900
40 35 2 ASST HEALTH F 70210
41 33 2 ASST HEALTH F 71088
42 40 8 ASSO SCIENCES F 78484
43 35 1 ASST SCIENCES F 66906
44 36 3 ASST SCIENCES F 69112
45 32 3 ASST SCIENCES F 71088
46 29 2 ASST SCIENCES F 73180
47 43 12 ASST SCIENCES F 82330
48 37 5 ASST SCIENCES F 70210
49 34 7 ASSO SCIENCES F 81432
50 34 8 ASST SCIENCES F 73332
51 35 9 ASST SCIENCES F 67200
52 41 6 ASST SCIENCES F 67328
53 39 11 ASST SCIENCES F 79646
54 44 17 ASSO SCIENCES F 98104
55 46 12 ASST SCIENCES F 73154
56 42 11 ASST SCIENCES F 68878
57 36 1 ASSO SCIENCES F 81000
58 43 18 ASST SCIENCES F 82190
59 51 19 ASST SCIENCES F 81286
60 51 16 ASSO SCIENCES F 87940
61 54 19 ASST SCIENCES F 85498
62 45 10 ASST SCIENCES F 72406
63 38 11 ASSO SCIENCES F 85848
64 39 8 ASST SCIENCES F 74332
65 50 19 ASST SCIENCES F 83946
66 33 2 ASST SCIENCES F 73180
67 44 11 PROF BUSINESS M 128750
68 37 7 ASSO BUSINESS M 127002
69 37 6 ASSO BUSINESS M 118852
70 45 20 ASSO BUSINESS M 98116
71 34 4 PROF BUSINESS M 189938
72 47 21 ASST BUSINESS M 109524
73 36 9 ASSO BUSINESS M 111032
74 44 18 ASSO BUSINESS M 91864
75 40 11 ASSO BUSINESS M 113742
76 31 5 ASST BUSINESS M 121770
77 29 2 PROF BUSINESS M 167266
78 37 2 ASST BUSINESS M 116000
79 40 14 ASST BUSINESS M 82550
80 44 10 PROF BUSINESS M 127282
81 45 17 ASST BUSINESS M 100212
82 33 7 ASSO BUSINESS M 116100
83 35 3 ASSO BUSINESS M 138842
84 49 22 ASSO BUSINESS M 115500
85 36 9 ASSO BUSINESS M 112988
86 32 6 PROF BUSINESS M 156614
87 33 5 PROF BUSINESS M 147728
88 59 24 ASSO LIBERAL STUDIES M 102856
89 47 21 ASSO LIBERAL STUDIES M 91430
90 59 27 PROF LIBERAL STUDIES M 112144
91 40 12 ASST LIBERAL STUDIES M 75096
92 47 14 PROF LIBERAL STUDIES M 102144
93 27 0 ASSO LIBERAL STUDIES M 78000
94 37 8 ASST LIBERAL STUDIES M 81016
95 41 16 ASST LIBERAL STUDIES M 74374
96 41 7 ASSO LIBERAL STUDIES M 103774
97 57 22 ASST LIBERAL STUDIES M 92682
98 29 0 ASST LIBERAL STUDIES M 65812
99 61 30 PROF LIBERAL STUDIES M 118512
100 59 24 PROF LIBERAL STUDIES M 119286
101 53 25 PROF LIBERAL STUDIES M 138838
102 54 19 ASSO LIBERAL STUDIES M 88126
103 47 22 PROF LIBERAL STUDIES M 112918
104 40 8 ASSO LIBERAL STUDIES M 80000
105 50 23 PROF LIBERAL STUDIES M 112008
106 36 7 ASSO LIBERAL STUDIES M 72828
107 51 18 PROF LIBERAL STUDIES M 94240
108 55 25 ASSO LIBERAL STUDIES M 99262
109 41 11 PROF LIBERAL STUDIES M 91164
110 59 24 PROF LIBERAL STUDIES M 110330
111 57 24 PROF LIBERAL STUDIES M 115032
112 55 22 ASSO LIBERAL STUDIES M 94506
113 27 0 ASST LIBERAL STUDIES M 63000
114 37 7 ASSO LIBERAL STUDIES M 75922
115 53 22 PROF LIBERAL STUDIES M 116014
116 34 0 ASST LIBERAL STUDIES M 63000
117 37 12 ASSO LIBERAL STUDIES M 83714
118 27 2 ASST LIBERAL STUDIES M 64892
119 30 0 ASST LIBERAL STUDIES M 63000
120 58 24 PROF LIBERAL STUDIES M 116878
121 58 25 PROF LIBERAL STUDIES M 140036
122 47 20 ASSO LIBERAL STUDIES M 93688
123 36 11 PROF LIBERAL STUDIES M 130566
124 33 8 ASSO LIBERAL STUDIES M 73170
125 62 28 ASSO LIBERAL STUDIES M 112672
126 35 6 ASSO LIBERAL STUDIES M 71940
127 49 21 PROF LIBERAL STUDIES M 105308
128 49 24 PROF LIBERAL STUDIES M 108416
129 59 25 PROF LIBERAL STUDIES M 112510
130 41 16 PROF LIBERAL STUDIES M 93914
131 39 8 ASSO LIBERAL STUDIES M 80002
132 46 16 ASSO LIBERAL STUDIES M 87362
133 32 7 ASSO LIBERAL STUDIES M 81968
134 53 25 PROF LIBERAL STUDIES M 134086
135 51 22 PROF LIBERAL STUDIES M 131962
136 57 25 PROF LIBERAL STUDIES M 108328
137 50 18 ASST LIBERAL STUDIES M 76948
138 59 24 PROF LIBERAL STUDIES M 116882
139 48 22 ASSO LIBERAL STUDIES M 98082
140 46 17 ASST LIBERAL STUDIES M 79104
141 50 23 ASSO LIBERAL STUDIES M 95618
142 56 25 PROF LIBERAL STUDIES M 114312
143 34 1 ASST HEALTH M 70876
144 48 20 ASSO HEALTH M 94694
145 53 20 PROF HEALTH M 108514
146 33 8 ASSO HEALTH M 95546
147 56 23 PROF HEALTH M 127950
148 30 1 ASST HEALTH M 70876
149 47 16 PROF HEALTH M 109672
150 34 7 ASST HEALTH M 71776
151 55 20 PROF HEALTH M 98176
152 55 23 PROF HEALTH M 131104
153 51 22 ASST HEALTH M 90222
154 51 23 ASSO HEALTH M 112980
155 33 2 PROF HEALTH M 216676
156 54 26 ASST HEALTH M 111170
157 37 2 ASST HEALTH M 73988
158 53 21 ASSO HEALTH M 113858
159 53 21 ASSO HEALTH M 93740
160 46 17 ASSO HEALTH M 92314
161 31 2 ASST SCIENCES M 68998
162 28 0 ASST SCIENCES M 70400
163 58 24 PROF SCIENCES M 107188
164 34 8 ASSO SCIENCES M 80462
165 43 8 ASSO SCIENCES M 74336
166 32 6 ASST SCIENCES M 68016
167 42 17 PROF SCIENCES M 96036
168 30 3 ASST SCIENCES M 76796
169 52 18 PROF SCIENCES M 106422
170 63 28 PROF SCIENCES M 137980
171 37 2 ASST SCIENCES M 70880
172 55 25 PROF SCIENCES M 116100
173 27 0 ASST SCIENCES M 68000
174 59 26 PROF SCIENCES M 126018
175 43 9 ASSO SCIENCES M 82836
176 50 21 PROF SCIENCES M 101558
177 61 29 PROF SCIENCES M 131302
178 55 23 ASSO SCIENCES M 107222
179 67 41 ASSO SCIENCES M 115342
180 34 6 ASSO SCIENCES M 84418
181 50 21 PROF SCIENCES M 93946
182 55 23 PROF SCIENCES M 110138
183 43 8 ASSO SCIENCES M 74478
184 53 25 ASSO SCIENCES M 102814
185 44 13 PROF SCIENCES M 119386
186 33 0 ASST SCIENCES M 69000
187 43 12 ASST SCIENCES M 82266
188 37 4 ASST SCIENCES M 71088
189 43 14 ASST SCIENCES M 78240
190 47 14 ASST SCIENCES M 89808
191 55 22 PROF SCIENCES M 108284
192 40 9 ASST SCIENCES M 100324
193 48 22 ASSO SCIENCES M 125832
194 47 14 PROF SCIENCES M 107322
195 41 12 PROF SCIENCES M 94672
196 49 14 PROF SCIENCES M 89460
197 37 11 ASSO SCIENCES M 84378
198 36 10 ASST SCIENCES M 72406
199 42 14 ASSO SCIENCES M 91458

Solutions

Expert Solution

Values
Gender M/F Rank Count of Faculty ID Sum of Salary ($/year) Average
F ASSO 20 1720790              86,040
ASST 42 3229952              76,904
PROF 4 439178           1,09,795
F Total 66 5389920              81,665
M ASSO 47 4535666              96,504
ASST 35 2804110              80,117
PROF 51 6111310           1,19,830
M Total 133 13451086           1,01,136
Grand Total 199 18841006              94,678
b.
Total Salary of Male Faculty     134,51,086
No. Of Male Faculty                   133
Average Salary of Male Professer         1,01,136
Total Salary of Female Faculty       53,89,920
No. Of Female Faculty                     66
Average Salary of Female Professer             81,665
Male Academics Earns more then female average by             19,471
24%
a.
Total Salary of Male Assistant Professor       28,04,110
No. Of Male Assistant Pro.fessor                     35
Average Salary of Male AssistantProfessor             80,117
Total Salary of Female Assistant Professor       32,29,952
No. Of Female Assistant Professor                     42
Average Salary of Female Assistant Professor             76,904
Male Assistant Professor Earns more then female average by               3,214
4%
b.
Total Salary of Male Associate Professor       45,35,666
No. Of Male Associate Pro.fessor                     47
Average Salary of Male Associate Professor             96,504
Total Salary of Female Associate Professor       17,20,790
No. Of Female Associate Professor                     32
Average Salary of Female Associate Professor             53,775
Male Assistant Professor Earns more then female average by             42,729
79%
c.
Total Salary of Male Professor       61,11,310
No. Of Male Professor                     51
Average Salary of Male Professor         1,19,830
Total Salary of Female Professor         4,39,178
No. Of Female Professor                        4
Average Salary of Female Professor         1,09,795
Male Assistant Professor Earns more then female average by             10,035
Note-
Best effort have been made to answer the question correctly, in case of any discrepencies kindly comment and i will try to resolve it as soon as possible.
Please provide positive feedback.

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