{"id":7842,"date":"2018-02-20T23:50:30","date_gmt":"2018-02-20T23:50:30","guid":{"rendered":"http:\/\/essaysparlor.com\/statistic-for-managers-4\/"},"modified":"2017-02-20T20:44:44","modified_gmt":"2017-02-20T20:44:44","slug":"statistic-for-managers-4","status":"publish","type":"post","link":"https:\/\/www.benedictsol.com\/blogs\/statistic-for-managers-4\/","title":{"rendered":"Statistic for Managers"},"content":{"rendered":"<p>\nThe outline is set on excel spread sheet, just need assistance with imputing the functions and data on the master sheet, to be able to answer the data analysis: Do Males make more the Females. Can negotiate a fee if interested. <\/p>\n<p>1\tThe first step in analyzing data sets is to find some summary descriptive statistics for key variables.  Since the assignment problems will\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<br \/>\n\tfocus mostly on the compa-ratios, we need to find the mean, standard deviations, and range for our groups: Males, Females, and Overall.\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/p>\n<p>Males\t\t\t\t\t\tFemales\t\t\t\t\t\tOverall\t\t\t\t<br \/>\nMeans\t\t\t\t\t\tMeans\t\t\t\t\t\tMeans\t\t\t\t<br \/>\nstandard deviations\t\t\t\t\t\tstandard deviations\t\t\t\t\t\tstandard deviations\t\t\t\t<br \/>\nRange\t\t\t\t\t\tRange\t\t\t\t\t\tRange\t\t\t\t<\/p>\n<p>Data values used: Discriptive Statistic; to show how results are formed. For Examples cell should have an  &#8220;=XX&#8221; formula in them showing the value of the Discriptive statistic table.\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<br \/>\n\t\tif you choose to use generate each value using fx functions,then each function should be inside the cell, along with location of data value in the cell.\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/p>\n<p> If you use Descriptive statistics, Place the output table in row 1 of a column to the right.\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/p>\n<p>\n\t\t\t2. Probability\t\t\t\t\t\t\t\t\t\t\t\t\t<br \/>\nA key issue in comparing data sets is to see if they are distributed\/shaped the same.  At this point we can do this \t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<br \/>\nby looking at the probabilities that males and females are distributed in the same way for a grade levels.\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/p>\n<p>\t\tEmpirical Probability: What is the probability for a:\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/p>\n<p>\t\ta. Randomly selected person being in grade E or above?\t\t\t\t\t\t\t\t\t\t\t\t\t\t<br \/>\n\t\tb. Randomly selected person being a male in grade E or above?  \t\t\t\t\t\t\t\t\t\t\t\t\t\t<br \/>\n\t\tc. Randomly selected male being in grade E or above?  \t\t\t\t\t\t\t\t\t\t\t\t\t\t<br \/>\n\t\td. Why are the results different?\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/p>\n<p>\n3. Normal Curve based probability: For each group (overall, females, males), what are the values for each question below?\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<br \/>\nA. Make sure your answer cells show the Excel function and cell location of the data used.\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<br \/>\n\t\t\t\t\t\t\t\t\t\t\tOverall\t\t\t\t\t<\/p>\n<p>\t\t\t\t\t\t\t\t\t\t\tFemale\t\t\t\t\t<\/p>\n<p>\t\t\t\t\t\t\t\t\t\t\tMale\t\t\t\t\t<\/p>\n<p>\nB. How do you interpret the relationship between the data sets?  What does this suggest about our equal pay for equal work question?\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/p>\n<p>\n4. Based on our sample data set, can the male and female compa-ratios in the population be equal to each other?\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/p>\n<p>A. First, we need to determine if these two groups have equal variances, in order to decide which t-test to use.\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/p>\n<p>\tWhat is the data input ranged used for this question: decide equal variance?\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/p>\n<p>Step 1:\tHo:\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<br \/>\n\tHa:\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<br \/>\nStep 2:\tDecision Rule:\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<br \/>\nStep 3:\tStatistical test:\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<br \/>\n\tWhy?\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<br \/>\nStep 4:\tConduct the test &#8211; place cell B77 in the output location box.\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/p>\n<p>\t\tStep 5:\tConclusion and Interpretation\t\t\t\t\t\t\t\t\t\t\t\t\t<br \/>\n\t\t\t\tWhat is the p-value:\t\t\t\t\t\t\t\t\t\t\t\t<\/p>\n<p>\t\tIs the P-value < 0.05 (for a one tail test) or 0.025 (for a two tail test)?\t\t\t\t\t\t\t\t\t\t\t\t\t\t\n\n\n\t\t\t\t\tWhat is your decision: REJ or NOT reject the null?\t\t\t\t\t\t\t\t\t\t\t\n\n\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<br \/>\n\t\tWhat does this result say about our question of variance equality?\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/p>\n<p>\n\tB\tAre male and female average compa-ratios equal?\t\t\t\t\t\t\t\t\t\t\t\t\t\t<br \/>\n\t\t(Regardless of the outcome of the above F-test, assume equal variances for this test.)\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/p>\n<p>\t\t\t\t\t\tWhat is your decision: REJ or NOT reject the null?\t\t\t\t\t\t\t\t\t\t<br \/>\n\t\tStep 1:\tHo:\t\t\t\t\t\t\t\t\t\t\t\t\t<br \/>\n\t\t\tHa:\t\t\t\t\t\t\t\t\t\t\t\t\t<br \/>\n\t\tStep 2:\tDecision Rule:\t\t\t\t\t\t\t\t\t\t\t\t\t<br \/>\n\t\tStep 3:\tStatistical test:\t\t\t\t\t\t\t\t\t\t\t\t\t<br \/>\n\t\t\tWhy?\t\t\t\t\t\t\t\t\t\t\t\t\t<br \/>\n\t\t4. Conduct the test &#8211; place cell B109 in the output location box.\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/p>\n<p>\t\t\tStep 5:\tConclusion and Interpretation\t\t\t\t\t\t\t\t\t\t\t\t<br \/>\n\t\t\t\t\tWhat is the p-value:\t\t\t\t\t\t\t\t\t\t\t<\/p>\n<p>\t\t\tIs the P-value < 0.05 (for a one tail test) or 0.025 (for a two tail test)?\t\t\t\t\t\t\t\t\t\t\t\t\t\n\n\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<br \/>\n\t\t\tWhat, besides the p-value, needs to be considered with a one tail test?\t\t\t\t\t\t\t\t\t\t\t\t\t<\/p>\n<p>\n\t\t\tDecision: Reject or do not reject Ho?\t\t\t\t\t\t\t\t\t\t\t\t\t<\/p>\n<p>\t\tWhat does your decision on rejecting the null hypothesis mean?\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/p>\n<p>\t\t\tIf  the null hypothesis was rejected, calculate the effect size value:\t\t\t\t\t\t\t\t\t\t\t\t\t<\/p>\n<p>\n\t\tIf the effect size was calculated, what doe the result mean in terms of why the null hypothesis was rejected?\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/p>\n<p>\t\t\tWhat does the result of this test tell us about our question on salary equality?\t\t\t\t\t\t\t\t\t\t\t\t\t<\/p>\n<p>\n\t\t6\tConsidering both the salary information in the lectures and your compa-ratio information, what conclusions can you reach about equal pay for equal work?\t\t\t\t\t\t\t\t\t\t\t\t\t<\/p>\n<p>\n\t\t\tWhy &#8211; what statistical results support this conclusion?\t\t<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The outline is set on excel spread sheet, just need assistance with imputing the functions and data on the master sheet, to be able to answer the data analysis: Do Males make more the Females. Can negotiate a fee if <a href=\"https:\/\/www.benedictsol.com\/blogs\/statistic-for-managers-4\/\" class=\"read-more\">Read More &#8230;<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-7842","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/7842","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/comments?post=7842"}],"version-history":[{"count":0,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/7842\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/media?parent=7842"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/categories?post=7842"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/tags?post=7842"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}