Question

In: Statistics and Probability

Annual Income SAT Scores Men Women Men Women $83,173 $78,980 600 960 $87,335 $73,791 1050 530...

Annual Income SAT Scores
Men Women Men Women
$83,173 $78,980 600 960
$87,335 $73,791 1050 530
$75,573 $62,553 820 710
$88,051 $75,179 730 680
$75,884 $58,778 530 790
$61,595 $110,787 680 1140
$68,993 $64,852 860 940
$83,185 $79,700 1050 420
$87,259 $55,352 910 820
$87,418 $63,386 590 880
$108,114 $78,803 960 890
$97,643 $92,505 1040 1300
$71,920 $94,666 840 1030
$71,516 $69,928 940 740
$79,982 $75,812 760 770
$84,823 $108,581 430 800
$80,256 $100,172 900 600
$69,839 $79,343 1090 1280
$71,071 $72,949 850 850
$79,194 $76,487 780 1000
$58,381 $112,624 710 710
$78,821 $60,996 820 710
$111,731 $47,339 890 920
$79,248 $53,329 840 820
$84,120 $82,489 920 880
$94,918 $82,676 590 1040
$89,201 $96,579 500 800
$82,576 $61,109 980 950
$77,183 $88,520 740 680
$71,012 $88,843 640 1170
$70,972 $69,788 780 610
$90,310 $43,336 700 950
$109,794 $125,325 980 950
$82,200 $79,454 950 980
$71,855 $69,205 810 790
$95,012 $81,778 810 960
$63,326 $80,999 860 1050
$74,356 $91,826 900 790
$68,689 $97,986 800 660
$84,632 $63,485 800 850
$93,572 $71,393 1080 510
$84,828 $80,986 920 1120
$87,006 $101,375 610 930
$94,446 $76,110 670 780
$68,206 $92,437 850 1330
$111,346 $103,105 880 1070
$89,986 $73,283 590 1000
$59,885 $84,225 710 750
$74,106 $75,993 850 670
$101,167 $100,103 840 1000
$87,155 $75,598 850 650
$80,721 $98,321 1000 820
$71,357 $56,366 1140 940
$62,350 $63,702 640 630
$74,943 $64,041 840 930
$92,021 $78,423 680 850
$96,529 $61,274 880 970
$64,590 $73,354 970 550
$83,394 $77,211 1000 410
$92,443 $73,844 740 830
$84,097 $82,373 810 690
$95,639 $83,032 760 650
$99,955 $72,780 960 700
$82,655 $70,057 970 1060
$71,107 $85,709 750 1110
$86,014 $51,100 920 640
$61,463 $70,567 1110 640
$86,042 $69,850 610 1400
$77,772 $62,246 810 860
$82,764 $83,369 920 670
$81,081 $86,006 810 760
$87,314 $74,516 830 900
$119,195 $101,714 1030 790
$86,846 $72,088 830 1140
$90,834 $90,146 920 760
$95,561 $118,558 770 810
$84,543 $76,717 1060 790
$56,569 $48,808 850 1170
$97,319 $25,681 590 780
$85,499 $74,953 880 760
$88,545 $82,735 850 830
$76,991 $75,645 720 1020
$83,179 $74,220 890 820
$73,829 $77,590 730 970
$92,728 $59,025 880 520
$58,302 $71,728 760 920
$74,035 $76,149 920 880
$85,540 $92,157 740 400
$98,551 $90,949 850 640
$66,331 920
$95,954 940
$72,660 750
$95,005 950
$88,832 780
$88,460 1200
$82,142 810
$88,822 710
$52,018 890
$83,809 1020
$67,248 660
$93,338 470
$95,657 880
$86,171 1110

Using the male-female wages and SAT scores shown above, complete the following:

1. Calculate the 5-number summary for each of the 4 columns of data, construct a box plot for each of them as well.

2. Using the box plots, can you draw any conclusions about the relative pay of men and women?

3. Is there a correlation between annual income and SAT scores for each sex? Does the value of the correlation tell you anything about the relationship between annual income and SAT scores?

Solutions

Expert Solution

Result:

Using the male-female wages and SAT scores shown above, complete the following:

1. Calculate the 5-number summary for each of the 4 columns of data, construct a box plot for each of them as well.

Descriptive statistics

Men INCOME

Women Income

Men SAT

Women SAT

n

103

89

103

89

mean

82,734.25

77,886.54

832.91

845.17

sample standard deviation

12,766.30

16,778.17

150.77

202.56

minimum

52018

25681

430

400

maximum

119195

125325

1200

1400

1st quartile

73,932.00

69,850.00

740.00

710.00

median

83,809.00

76,149.00

840.00

820.00

3rd quartile

90,148.00

86,006.00

920.00

960.00

interquartile range

16,216.00

16,156.00

180.00

250.00

range

67177

99644

770

1000

2. Using the box plots, can you draw any conclusions about the relative pay of men and women?

From the box plot we infer that relative pay of men are more than women. ( median of men are larger than median of women)

3. Is there a correlation between annual income and SAT scores for each sex? Does the value of the correlation tell you anything about the relationship between annual income and SAT scores?

Correlation Matrix

Men INCOME

Women Income

Men SAT

Women SAT

Men INCOME

1.000

Women Income

.096

1.000

Men SAT

.073

-.042

1.000

Women SAT

-.037

.061

-.138

1.000

89

sample size

± .208

critical value .05 (two-tail)

± .272

critical value .01 (two-tail)

correlation between annual income and SAT scores for male is 0.073.

correlation between annual income and SAT scores for female is 0.061.

There is positive correlation for both.

But the very low correlation value shows that there is no association between annual income and SAT scores for both sex.


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