Descriptive Statistics and Regression Analysis for Remuneration in Desklib

Running Head: MAE256 T1
MAE256 T1
Name of the Student
Name of the University
Course ID

1MAE256 T1
Table of Contents
Answer i...........................................................................................................................................2
Answer ii..........................................................................................................................................4
Answer iii.........................................................................................................................................5
Answer iv.........................................................................................................................................6
Answer v..........................................................................................................................................7
Answer vi.........................................................................................................................................8
Answer vii........................................................................................................................................9
Answer viii.....................................................................................................................................11
Answer ix.......................................................................................................................................11
Bibliography..................................................................................................................................13

2MAE256 T1
Answer i
Descriptive Statistics
remuneration
Mean
801.270270
3
Standard Error
27.6295650
7
Median 805
Mode 895
Standard
Deviation
168.064083
1
Sample Variance
28245.5360
4
Kurtosis
-
0.76314265
7
Skewness
-
0.11940181
9
Range 650
Minimum 445
Maximum 1095
Sum 29647
Count 37
rank
Mean
336.810
8
Standard Error
23.2879
2
Median 376
Mode 450
Standard
Deviation
141.654
9
Sample Variance 20066.1
Kurtosis -0.32679
Skewness -1.01294
Range 416

3MAE256 T1
Minimum 34
Maximum 450
Sum 12462
Count 37
studnum
Mean
38410.2702
7
Standard Error
6023.83362
1
Median 29214
Mode 26704
Standard
Deviation
36641.5494
4
Sample Variance 1342603145
Kurtosis
27.0045643
8
Skewness
4.85680684
6
Range 230347
Minimum 9899
Maximum 240246
Sum 1421180
Count 37
The mean remuneration of the states is obtained as 801. This implies that the average
remuneration of Vice Chancellors’ in different states of Australia is 801. The mean of university
ranks is 337. This indicates that average rank of universities obtained from Time Higher
education is 337. The mean of studnum is 38410. That means there are 38410 number of students
enrolled in the University on an average.
The primary measures of dispersion include standard deviation, variance and range. The
range of remuneration is 650. The remuneration to Vice Chancellors lies between 1095 and 445.
The standard deviation of remuneration of 168.064. SD shows the divergence of data points