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Statistical Analysis of Gross Annual Earnings in Public and Private Sector

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Added on  2020-07-22

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TASK 1 (a)Identifcation of change in gross annual earnings in public and private sector since 2009 and pay gap across genders 1 TASK 2 4 (a)Ogive chart and Interpretation of mean as well as standard deviation 4 (b) Comparison of earning of two regions 6 (a)Area and average weekly turnover scatter diagram and reltionship between them 7 Equation used for making prediction 10 (e) Statistical validity of model 10 TASK 3 11 (

Statistical Analysis of Gross Annual Earnings in Public and Private Sector

   Added on 2020-07-22

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STATISTICS MANAGEMENT
Statistical Analysis of Gross Annual Earnings in Public and Private Sector_1
TABLE OF CONTENTSINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1(a)Identifcation of change in gross annual earnings in public and private sector since 2009 andpay gap across genders................................................................................................................1TASK 2............................................................................................................................................4(a)Ogive chart and computation of mean as well as standard deviation.....................................4(b) Comparison of earning of two regions...................................................................................6(a)Area and average weekly turnover scatter diagram and reltionship between them................7© Equation used for making prediction.....................................................................................10(e) Statistical validity of model..................................................................................................10TASK 3..........................................................................................................................................11(a)Number of delieveries made each year by firm....................................................................11(b) Number of bootles of olive oil sold on each delievery........................................................12©Economic order quantity.........................................................................................................12(d) Comparison of cost with change in EOQ.............................................................................12TASK 4..........................................................................................................................................13(a)Male and female gross annual earning from 2009 to 2016 across public and private sector13(b) Ogive chart on cumulative percentage of employees VS hourly earnings..........................14© Size VS turnover....................................................................................................................14CONCLUSION..............................................................................................................................15REFERENCES..............................................................................................................................16Figure 1Trend of gross income across education and finance industry...........................................3Figure 2Ogive chart.........................................................................................................................4Figure 3Relationship between size and turnover.............................................................................7
Statistical Analysis of Gross Annual Earnings in Public and Private Sector_2
Figure 4 Trend in gross income across gender and public as well as private sector.....................13YTable 1Variation in gross annual earning of pblic and private sector.............................................1Table 2Data for Ogive.....................................................................................................................4Table 3Calculation of mean.............................................................................................................5Table 4Input for computing standard deviation...............................................................................5Table 5Calculation of standard deviation........................................................................................6Table 6Number of bootles transported..........................................................................................12Table 7Calculation of economic order quantity............................................................................12Table 8 Cost at different level of EOQ..........................................................................................12
Statistical Analysis of Gross Annual Earnings in Public and Private Sector_3
INTRODUCTIONStatisitics is the one of the most common discipline that is used by managers and helpthem in analyzing facts and making prudent decisions. In current report, facts and figures relatedto public and private sector in respect to male and female is analyzed in varied ways. Apart fromthis, regression method is applied on retail shop data and relationship is identified betweenvariables. Validity of model is measured and reliability of results is determined. At end of report,charts are prepared and same are interpreted in proper manner.TASK 1(a)Identifcation of change in gross annual earnings in public and private sector since 2009 andpay gap across gendersTable Variation in gross annual earning of pblic and private sector20092010201120122013201420152016Public5586257377578505845259879605836158562064Private4691346532467984801848899494595028451930% Change in annual earning of public sector3%1%1%2%1%2%1%% Change in annual earning of private sector-1%1%3%2%1%2%3%InterpretationFacts revealed that almost most of times gross annual earnings change almost at samepace across public and private sector. It can be observed that in year 2010 relative to previousyear annual earning decline in private sector by -1% and same increased to 3% in case of publicsector. However, from 2011 to 2015 change almost remain same in public and private sector.trend get inversed in terms of change in earning as it can be seen that annual earning changed by1% in 2016 in comparison to 2015 and same increased to 3% in case of private sector. It can beconcluded that almost at same rate gross income change in public and private sector. | P a g e
Statistical Analysis of Gross Annual Earnings in Public and Private Sector_4

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