Wk3Stat Essay Example | Topics and Well Written Essays - 500 words

Wk3Stat - Essay ExampleConsider the case of the scores of the class chthonic consideration. A sample of their plots would look as shown belowThe above plot has a slight positive skew. A look at the figure leave alone show that these measures do not differ significantly in this case although they may be typically up or above one another. However, at that place are several cases where these measures vary significantly. Consider the case of any organization, where the salary varies depending on the designation of the employee. Typically, as one goes up the hierarchy, the salaries increase and vary inversely to the number of employees at a particular level. In a regular case, the number of low level employees is the most while their salaries are the least in the firm. As one moves up the hierarchy, the salary increases and reaches a maximum with the top executive management, which is usually the least in population. When the salaries are plotted on the chart against the number of pe ople receiving it, the resulting chart is said to be highly skewed as shown belowThe relatively large skew in the above graph results in very different values for these measures. In this scenario, determining the mean will not present a true picture as simply a fraction of the entire employees would be drawing such salaries while the maximum number of employees would be drawing much lesser salaries. However, the mode would clearly present a clear figure on the maximum number of people employed at a particular salary level. The mean would upgrade not provide any clear picture of the highest amount being drawn by a minute section of the employees, namely the top management, ahead(p) to discrepancies in statistical estimates. In such scenarios, the mode is the preferred choice to estimate the maximum number of employees within the