Data set 1 presents a sample of annual salaries for recently hired plant
operators at a chemical manufacturing company. Use Excel’s ToolPak (or any statistical package that you are
comfortable with) to compute descriptive statistics for the data. Submit your statistical output from Excel, which
should include values for the mean, median, mode, sample variance, and sample standard deviation. (I have
completed and provided the output).
Please complete the analysis portion.
Specifically, the following critical elements must be addressed:
I. Methodology
II. Analysis
Describe the shape, center, and spread of the distribution. Be sure to report on the symmetry, a number of modes, and any gaps or outliers.
Sample Solution