Question

In: Statistics and Probability

Calculate the Z-score for each data point. Employee Salary Years of Employment Z-score Sarah $      62,500.00...

Calculate the Z-score for each data point.
Employee Salary Years of Employment Z-score
Sarah $      62,500.00 3
Amanda $      74,250.00 5
Rachel $      68,500.00 3
Brad $      55,000.00 2
Josh $      61,000.00 4
Jim $      32,000.00 2
Cheri $      71,500.00 2
Danuta $      90,000.00 7
Evan $      76,500.00 3

Please show the formulas used for each.

Solutions

Expert Solution

For Salary:

Mean = 591250/9= 65,694

Standard Deviation 16,218

For Years of employment:

Mean = 31/9 =3.4444

Standard Deviation = 1.6667

Employee Salary Years of Employment Z-score for salary Z score for Years of experience
Sarah $      62,500.00 3 (62,500-65,694)/ 16,218 = -0.1969 (3 - 3.4444)/1.6667 = - 0.2666
Amanda $      74,250.00 5 (74,250-65,694)/ 16,218 = 0.5276 5 - 3.4444)/1.6667 = 0.9333
Rachel $      68,500.00 3 (68,500-65,694)/ 16,218 = 0.1730 3 - 3.4444)/1.6667 = - 0.2666
Brad $      55,000.00 2 (55,000-65,694)/ 16,218 = -0.6594 2 - 3.4444)/1.6667 = - 0.8666
Josh $      61,000.00 4 (61,000-65,694)/ 16,218 = -0.2894 4 - 3.4444)/1.6667 = 0.3334
Jim $      32,000.00 2 (32,000-65,694)/ 16,218 = -2.0776 2 - 3.4444)/1.6667 = - 0.8666
Cheri $      71,500.00 2 (71,500-65,694)/ 16,218 = 0.3580 2 - 3.4444)/1.6667 = - 0.8666
Danuta $      90,000.00 7 (90,000-65,694)/ 16,218 = 1.4987 7 - 3.4444)/1.6667 = 2.1333
Evan $      76,500.00 3 (76,500-65,694)/ 16,218 = 0.6663 3 - 3.4444)/1.6667 = - 0.2666

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