The employees have indicated that 95 of employees in one of

The employees have indicated that 95% of employees in one of the departments are receiving higher salaries than any other department because their supervisor parties with them each weekend. Some employees only have an hourly rate which you have to calculate their yearly salary before completing the calculations. Please calculate the 95% standard deviation for each department and indicate for me if any department is receiving on average $2k or more on the high end.

The employees have indicated that 95% of employees in one of the departments are receiving higher salaries than any other department because their supervisor parties with them each weekend. Some employees only have an hourly rate which you have to calculate their yearly salary before completing the calculations. Please calculate the 95% standard deviation for each department and indicate for me if any department is receiving on average $2k or more on the high end.

Department 1

Department 2

Department 3

Department 4

Department 5

$22,450

18,550

B

22555

19050

$30,050

27,050

16765

29950

21545

$23,785

26,785

30050

23785

27950

A

25050

29955

B

27550

$27,594

26557

A

27650

25550

A – $9/hr @ 40 hrs week @ 50 weeks a year

B – $11/hr @ 35 hrs wee @ 52 weeks a year

Is any department receiving on average $2k or more on the high end of the standard deviation using standard deviation at 95%? If so, which department and be sure to explain your answer.

Solution