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Statistics in Management ACTIVTIY 1 1

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Added on  2020-12-29

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Statistics in Management ACTIVTIY 1 1 (a) Interpretation of based on gross annual earning between the years 2010 and 2016 1 5 (b) Locating data related to gross annual earnings by industry sector 5425 ACTIVITY 2 7 (a) Using ogive for estimating median and quartiles and calculation of mean and median 7 (b) Comparing the earnings of two regions 10 ACTIVITY 3 10 (a) Calculation of deliveries made in each year 10 (b) Calculation of number of bags delivered

Statistics in Management ACTIVTIY 1 1

   Added on 2020-12-29

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Statistics in Management ACTIVTIY 1 1_1
Table of ContentsACTIVTIY 1...................................................................................................................................1(a) Interpretation of based on gross annual earning between the years 2010 and 2016..............1.........................................................................................................................................................5(b) Locating data related to gross annual earnings by industry sector........................................5ACTIVITY 2...................................................................................................................................7(a) Using ogive for estimating median and quartiles and calculation of mean and median........7(b) Comparing the earnings of two regions...............................................................................10ACTIVITY 3.................................................................................................................................10(a) Calculation of deliveries made in each year.........................................................................10(b) Calculation of number of bags delivered in each delivery...................................................11(c) Assessing economic Order Quantity (EOQ)........................................................................11(d) Calculation for the cost of current ordering policy and analysing the change in EOQ due toit.................................................................................................................................................12ACTIVITY 4.................................................................................................................................13(a) Producing line chart indicating male and female gross annual earnings for public andprivate sector from 2010 to 2016...............................................................................................13(b) Producing Ogive for cumulative percentage of sales personnel versus hourly earning......14
Statistics in Management ACTIVTIY 1 1_2
ACTIVTIY 1(a) Interpretation of based on gross annual earning between the years 2010 and 2016Changes in gross annual earnings of public and private sector since 2010Based on the data being received, it can be stated that there is small but positive changein the gross annual earnings of private and sector wages received by male and female employees.The changes being noticed can be indicated in the following manner:201020112012201320142015201605000100001500020000250003000035000Interpreting the above graph and tabular format, it can be indicated that there is adequateamount of change in wages aspects of male employees between the year 2010 and 2016. Thechange in yearly wages is high for public sector in comparison to that if private sector. In context1
Statistics in Management ACTIVTIY 1 1_3
to salaries, the percentage change has been maximum in 2016 in public sector, which isapproximately 2.76%. Analysing this change, it can be interpreted that although the change isless in private sector, the amount of salary being given by them to the employees is way higherin comparison to that of employees belonging to public sector. For instance, the amount of salaryin case of private sector for 2016 is 34011 and in comparison, to this, the amount of wages forthat of public sector is 29679. It states that there is adequate amount of salaries for theindividuals who are working in working with private sector in comparison to that of publicsector. However, rate of growth is comparatively higher in public sector (Dey, MüIler and Sinha,2012). Gap in male and female gross annual earnings between 2010 and 2018Analysing the above table and graph, it can be stated that, percentage change in amountof wages in case of public sector is way more higher in comparison to that of private sector. Thepercentage change in female wages of 2016 in private sector is 0.55%. However, it is 3.96% incase of public employees (du Plessis and Van Niekerk, 2014). The amount of salary is quitehigher in case of private in comparison to that of public employees. It is 28053 in case of private.However, it is 22251 is case o public sector.2
Statistics in Management ACTIVTIY 1 1_4

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