Post Secondary education is one of the best investments you

Post- Secondary education is one of the best investments you can make, especially if you\'re living in Alberta, according to a recent interprovincial comparison of graduate salaries conducted by Alberta Learning. The average Alberta univeristy graduate with a bachelor\'s degree can expect to earn more than $46,000 a year- the second highest gross salary after Ontario. When taxes and cost of living are taken into consideration, the salary of a university bachelor\'s graduate living in Alberta is the highest in Canada at just under $34,000, followed by Ontario at $32,000 and Saskatchwan at just under $31,000. The average annual incomes for five different categories are shown in the table:

Education level Average Annual Income ($)

high school graduates 30,072

Certificate and diploma graduates 38,952

Bachelor Degree graduates 46,565

Masters degree and earned doctorate graduates 56,974

All labour force survey categories 35,440

A) what graphical mathods could you use to describe the data?

B) Select the method from part (A) that you think best describes the data.

C) How would you summarize the information that you see in the graph regarding educational levels and salary?

Solution

A) FOR THIS BAR GRAPH , HISTOGRAM ARE THE ONLY TWO OPTIONS WHICH CAN BE USED

B) BAR GRAPH WILL BE BEST SUITED FOR THIS DATA AS IT WILL RPRESENT CLEARLY THE INCOME OF EACH GROUP.

C) SUMMARY WILL BE THAT THOSE WHO HAVE A STUDY LEVEL OF MASTERS OR DOCTERATE ARE THE HIGHEST PAID, INITITALY AFTER THEIR GRADUATION AND FOLLOWED BY THE BACHELOR DEGREE GRADUATE, AND THE LEAST PAID JOBS GOES TO THE STUDY LEVEL TILL HIGH SCHOOL ONLY.