In: Statistics and Probability
Sample annual salaries (in thousands of dollars) for employees at a company are listed. 52 40 47 63 33 33 52 40 47 25 63 52 53
(a) Find the sample mean and sample standard deviation.
(b) Each employee in the sample is given a $2000 raise. Find the sample mean and sample standard deviation for the revised data set.
(c) Each employee in the sample takes a pay cut of $5000 from their original salary. Find the sample mean and the sample standard deviation for the revised data set.
(d) What can you conclude from the results of (a), (b), and (c)?