A major client of your company is interested in the salary distributions of jobs in the...

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A major client of your company is interested in the salarydistributions of jobs in the state of Minnesota that range from$30,000 to $200,000 per year. As a Business Analyst, your boss asksyou to research and analyze the salary distributions. You are givena spreadsheet that contains the following information:

A listing of the jobs by title

The salary (in dollars) for each job

The client needs the preliminary findings by the end of the day,and your boss asks you to first compute some basic statistics.

Background information on the Data

The data set in the spreadsheet consists of 364 records that youwill be analyzing from the Bureau of Labor Statistics. The data setcontains a listing of several j

obs titles with yearly salaries ranging from approximately$30,000 to $200,000 for the state of Minnesota.

What to Submit

Your boss wants you to submit the spreadsheet with the completedcalculations. Your research and analysis should be present withinthe answers provided on the worksheet.

Answer & Explanation Solved by verified expert
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Discuss the importance of the Measures of Center and theMeasures of VariationMeasures of central tendency are important as they give us a singlecentral value which is the representative of the given set ofobservationsThe measures of Variation gives us the variability of all theobservations from the calculated central valueBoth these measures helps us to genralise the data and gives us ageneral idea about its distributionspreadWhat are the    See Answer
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