1. The following data shows the yearly income distribution of a sample of 200 employees at MNM, Inc. Yearly Income (In $1,000s) Number of Employees 20 - 24 2 25 - 29 48 30 - 34 60 35 - 39 80 40 - 44 10 a. What percentage of employees have yearly incomes of $35,000 or more? b. Does the figure computed in part a exemplify statistical inference? If no, what kind of statistical information does it represent? c. Based on this sample, the president of the company said that "45% of all our employees' yearly incomes are $35,000 or more." What kind of statistical information does the president's statement represent? d. With the statement made in Part c, can we be assured that more than 45% of all employees' yearly incomes are at least $35,000? Explain. e. What percentage of employees of the sample have yearly incomes of $29,000 or less? f. How many variables are presented in the above data set? g. How many observation results are represented in the above data set?
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1. The following data shows the yearly income distribution of a sample of 200 employees at MNM, Inc.
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Letter (d) Would i be wrong if i said yes the data set consisting of the annual salary for each employee at the MNM company is a population since no employee salary is excluded from the data
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