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STATISTICS FOR MANAGEMENT INTRODUCTION 1 ACTIVITY 1 i. Gender Pay Gap and Hourly Earnings

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Analysing changes in gross annual earnings for public and private sector since 2010 |Public Sector|Private Sector |Year |Male|Female|Female | |2010 |31264 |26113 |27000 |111953| |2011 |31380 |26470 |27233 |19565|83% |2012 |31816 |26663 |27705 |20313| |2013 |32541 |27338 |28201 |20698| |2014 |32878 |27

STATISTICS FOR MANAGEMENT INTRODUCTION 1 ACTIVITY 1 i. Gender Pay Gap and Hourly Earnings

   Added on 2020-10-05

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STATISTICS FORMANAGEMENT
STATISTICS FOR MANAGEMENT INTRODUCTION 1 ACTIVITY 1 i. Gender Pay Gap and Hourly Earnings_1
Table of ContentsINTRODUCTION...........................................................................................................................1ACTIVITY 1....................................................................................................................................1i. Analysing changes in gross annual earnings for public and private sector since 2010.......1ii. Analysing the gender pay gap for public and private sector..............................................2ACTIVITY 2....................................................................................................................................3(a) Ogive Plot to estimate Median for hourly earnings and quartiles.....................................3i. Median and Inter-Quartile Ranges......................................................................................5ii. Ascertainment of Mean and Standard Deviation...............................................................5(b) Evaluation of hourly pay rates..........................................................................................6ACTIVITY 3....................................................................................................................................7(a) Current Number of Annual Deliveries..............................................................................7(b) Number of Bags Delivered...............................................................................................7(c) Optimal Order Quantity....................................................................................................7(d) Total Variable Cost...........................................................................................................7ACTIVITY 4....................................................................................................................................8Line Chart from Activity 1 for public and private sector.......................................................8CONCLUSION................................................................................................................................8REFERENCE...................................................................................................................................9
STATISTICS FOR MANAGEMENT INTRODUCTION 1 ACTIVITY 1 i. Gender Pay Gap and Hourly Earnings_2
INTRODUCTIONBusiness Statistics is an important part of decision-making process of an organisation.Through the implementation of mathematical and statistical tools or techniques, a business isable to quantify its strategic plans in the form of budgets that help in controlling, coordinatingand planning of costs among other strategic decisions (AbouZahr and et.al., 2015). This reportintroduce the critical aspects of statistics in private sector to have changed since 2010. Activity 1covers the annual earnings form the office of national statistics. Activity 2 covers the statisticalanalysis for managing and devising the evaluation for pay rates and hour. Activity 3 covers thecost efficient delivery situation and the evaluation of both delivery option. Activity 3 conversesthe choice and production with particular annual results with results and frequency. There is aninterpretative part covered in activity with graphical diagram. ACTIVITY 1i. Analysing changes in gross annual earnings for public and private sector since 2010Public SectorPrivate SectorYearMaleFemaleMaleFemale201031264261132700019532201131380264702723319565201231816266632770520313201332541273382820120698201432878277052844221017201533685279002888121403201634011280532967922251Interpretation:The above table illustrates median gross annual earnings of Public and Private Sector forMales and Females between 2010 and 2016. Focusing on the inter-sector changes, one can seethat there has been quite a gap between the two, roughly of £4,000 (=£31000-£27000) to £6,000(=£26000-£19000). If wages are to be assumed to be directly related to the type of work given,these differences signal a higher quality and popularity of employment opportunities offered bypublic sector as compared to the private one (Andrecki and et.al., 2015). Looking at these tablesmore closely, one can easily say that the public sector has experienced a higher change in wagesas compared to private sector. For instance, the annual earnings for Females in Public Sectoramounted to £28,053 whereas for Private Sector it was £22,251. This clearly shows a differenceof roughly £6,000 between the two. Also if the wages of each gender in respective sectors have1
STATISTICS FOR MANAGEMENT INTRODUCTION 1 ACTIVITY 1 i. Gender Pay Gap and Hourly Earnings_3
to be taken into consideration, there has been a growth of 8.79% for Men in Public Sector and9.92% in Private. Similarly, there has been a 7.43% growth in Females' Earnings for the sameperiod in Public Sector and 13.92% growth in Private Sector. This shows that the sectors havebeen experiencing a positive growth trend with more growth opportunities in Private Sector eventhough the wages earned by both genders is higher for Public Sector.ii. Analysing the gender pay gap for public and private sectorPublic Sector:Public SectorGapGap (%)YearMalesFemales 201031264261135151201131380264704910-4.68%2012318162666351534.95%2013325412733852030.97%201432878277055173-0.58%20153368527900578511.83%2016340112805359582.99%Interpretation: The aforementioned table gives a comprehensive look at the gender pay gaps prevalent inthe Public Sector. The gap column indicates the changes in gross annual earnings for males andfemales for each year. Looking closely at this column one can see a fluctuating trend for the twogenders between 2010 and 2016. The last column of this table quantifies the gap in terms ofpercentage to show the change in gaps for males and females' median gross annual earnings forthe chosen time period. The highest change is experienced in 2015 where the gap increased byalmost £600 from previous year. This can be mainly attributed to the rise in earnings of menwhich is £807 (=£33685-£32878) which is higher than the change in women's earningsamounting to mere £205 (=£27900-£27705). Taking into consideration the entire time framethere has been a rise of gap by roughly £800 which is quite substantial for the sector (Brewsterand Hegewisch, 2017).Private Sector:Private SectorGapGap (%)YearMalesWomen2010270001953274682011272331956576682.68%201227705203137392-3.60%2013282012069875031.50%2
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