TITThe StatCorp CorporationBelow are the monthly salaries for all 16 employees of the StatCorp Data Analysis Corporation. Answer thequestions that follow by yourself or with a partner.Monthly salaries:12800 7500 7400 7350 7250 6500 6350 6125 6000 5859 5760 52305100 2800 2500 25001) Find the mean and standard deviation of employee's salaries. Why are we using μ and o?standard deviation?2) Business has been good, so every employee receives a raise of $1000. What will happen to the mean andP=P=.O3) Business has not been good. Suppose that we have to cut everyone's pay by $800 (the originalsalaries). Predict the new mean and standard deviation of salaries?P=σ=4) Suppose that we doubled everyone's original salary. What will happen to the mean and standard deviation?P=6=σ=5) Suppose that we give everyone a 30% raise over their original salary. Predict the new mean and standarddeviation of salaries?σ=6) The company CEO, whose salary is included in the list above, brags to an online magazine that StatCorphas the nation's largest mean salary compared to all other corporations of its type and size. Employees feel asif this is not entirely accurate. Why might they feel this way and how might they rather have the typical salaryreported without changing or excluding any salaries to make it more accurate in their eyes?7) An employee suggests a new salary structure in which each employee gets a flat $500 raise followed by a4% raise at the end of the year. The CEO wants to give the 4% raise first and then a $500 raise at years end.Why might the CEO want the changes to the salary done in that order? Does it matter?

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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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