QUESTIONThe monthly income of employees in a small company is summarised in the frequency distribution below:Monthly salary (N$) Number of employees [1500 – 1999]15[2000 – 2499]10[2500 – 2999]20[3000 – 3499]4[3500 – 3999]1REQUIRED TO: Suppose the government regulations stipulate that the minimum monthly wage is N$ 2 500. What percentage of employees at this company earn below the stipulated minimum wage? How many employees earn exactly N$ 3 000 per month? How many employees earn at least N$ 3 000 per month? Calculate the following descriptive statistics for the random variable Monthly salary (N$):i. Mean.ii. Standard deviation.iii. Most common value.

Name: QUESTIONThe monthly income of employees in a small company is summaris
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Description: QUESTIONThe monthly income of employees in a small company is summarised in the frequency distribution below:Monthly salary (N$) Number of employees [1500 – 1999]15[2000 – 2499]10[2500 – 2999]20[3000 – 3499]4[3500 – 3999]1REQUIRED TO: Suppose the go

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MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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The monthly income of employees in a small company is summarised in the frequency distribution below:

*Monthly salary (N$)*	*Number of employees*
[1500 – 1999]	15
[2000 – 2499]	10
[2500 – 2999]	20
[3000 – 3499]	4
[3500 – 3999]	1

REQUIRED TO:

Suppose the government regulations stipulate that the minimum monthly wage is N$ 2 500. What percentage of employees at this company earn below the stipulated minimum wage?
How many employees earn exactly N$ 3 000 per month?
How many employees earn at least N$ 3 000 per month?
Calculate the following descriptive statistics for the random variable Monthly salary (N$):

i. Mean.

ii. Standard deviation.

iii. Most common value.

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