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Financial Accounting Assignment

The document provides statistical analysis of salary data for production workers, including calculating the mean salary, performing a t-test to compare the mean to a hypothesized value, plotting current pay against years of experience with a regression line, and plotting current pay against gender with separate regression lines for males and females. The analysis finds the average pay is $49,000, pay increases with experience, and male pay tends to be higher than female pay.

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0% found this document useful (0 votes)
76 views

Financial Accounting Assignment

The document provides statistical analysis of salary data for production workers, including calculating the mean salary, performing a t-test to compare the mean to a hypothesized value, plotting current pay against years of experience with a regression line, and plotting current pay against gender with separate regression lines for males and females. The analysis finds the average pay is $49,000, pay increases with experience, and male pay tends to be higher than female pay.

Uploaded by

SanjeevParajuli
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd
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ASSIGNMENT COVER SHEET

ATMC MELBOURNE
Assignment has to be submitted online on Moodle on or before the due date.
SUBJECT CODE: STATS 1900

SUBJECT TITLE: MANAGEMENT ACCOUNTING 1

ASSIGNMENT
NUMBER AND
TITILE:

WORD COUNT (IF


APPLICABLE):

DUE WEEK: WEEK 10

LECTURER: NEELIMA PADALA

TUTOR: NEELIMA PADALA

Student ID Student Name


30120069 SANJEEV PARAJULI
Random sample:
ID Gender Start Yr Dept Begin $ 2011$ Position
2 F 1985 3 29600 55900 3
4 M 2001 4 44450 68600 1
6 M 1995 4 32000 44900 3
9 F 1991 3 30000 47600 3
12 M 1990 4 30000 49300 3
13 M 1989 2 28500 47800 3
14 M 1986 2 26800 48600 3
15 M 2003 4 59000 72600 2
16 M 1993 4 31000 45400 3
18 M 1991 4 32000 51800 3
21 M 1986 1 30000 55900 3
23 M 1989 2 31000 53400 3
26 F 2002 1 49800 74337 1
29 F 1990 4 28200 44700 3
30 M 1986 2 29800 58800 3
32 F 1988 2 28160 49800 3
33 M 1985 2 31000 59300 3
35 F 1997 3 32000 38100 3
36 F 1992 2 28800 45000 3
38 F 1987 3 27500 48400 3
39 M 2001 3 36500 36800 3
44 M 1995 2 29500 40200 3
46 F 2000 1 35000 37800 3
53 F 2004 3 57550 70700 2
54 M 1990 4 29000 47400 3
55 M 1992 1 29500 44800 3
58 M 1987 4 30300 55900 3
59 M 2002 2 44500 67100 1
60 F 1994 4 29400 40600 3
62 M 2001 3 49000 75700 1
63 F 1992 4 31400 48200 3
65 M 1990 2 28000 47000 3
68 M 1994 2 30500 43400 3
70 F 2003 3 58000 72700 2
72 M 1988 3 29600 52600 3
73 M 1989 1 30000 50900 3
75 F 1995 1 31700 42600 3
77 M 1992 3 28200 42700 3
80 M 1992 2 32000 50900 3
82 M 1987 1 29600 52900 3
84 F 1987 2 32000 58900 3
86 M 1992 1 29100 56100 3
87 M 2000 4 44500 71700 1
89 M 2003 2 62500 76800 2
92 M 1987 1 30800 57600 3
94 F 2003 3 47000 68100 1
96 F 1995 4 38900 75500 1
97 M 2002 3 56000 72500 2
98 M 1987 2 27500 49700 3
99 M 1989 1 28500 48500 3
102 M 1987 4 28500 51500 3
103 M 1987 3 31600 57500 3
105 F 2000 3 42960 69200 1
106 F 2003 3 54000 68600 2
107 M 1987 2 28800 52400 3
108 F 2006 3 53000 70100 1
110 M 2005 3 61500 72800 2
111 M 1986 1 28300 51700 3
112 F 2005 3 57000 67300 2
113 M 1990 3 31500 51800 3
115 M 1991 2 28800 45600 3
117 M 1987 3 29000 53200 3
119 F 1990 1 28950 48000 3
122 M 1987 2 29300 53300 3
123 M 1988 4 27500 48000 3
125 M 1991 1 30500 48100 3
127 M 2001 3 53750 72400 2
128 M 1988 2 31500 56600 3
131 F 1996 1 30000 36900 3
134 M 1987 2 30200 54400 3
137 M 1992 2 32000 50800 3
138 F 1991 2 30200 50100 3
141 M 1989 1 31500 56100 3
142 F 1995 1 31200 42600 3
145 F 1992 2 28800 45100 3
146 F 1987 3 27200 48900 3
148 F 1995 1 30700 41100 3
150 F 1990 2 29250 49400 3
151 M 1992 2 31000 47400 3
154 F 1999 4 37655 45600 3
157 M 1989 4 30800 52600 3
159 M 1991 4 30500 48800 3
161 M 1988 4 27500 49000 3
163 M 2006 1 78990 98490 1
164 F 1987 4 27200 49000 3
165 M 1988 1 29000 51900 3
166 F 1992 2 30000 46000 3
167 M 1989 2 28300 48100 3
170 M 1995 4 34000 49900 3
171 M 1988 1 28000 49100 3
173 F 2001 3 36500 37100 3
174 F 1990 4 29750 49600 3
176 M 2001 3 45900 72410 1
177 M 2003 3 51200 74679 1
182 F 2001 3 57600 75700 2
187 F 2005 3 58500 68600 2
188 M 2006 3 61300 70500 2
190 M 2001 3 57900 76000 2
191 M 2003 3 56800 71400 2
192 M 2001 1 57800 75700 2

1. Mean 48868.49
Standard jhj

Mean

48868.49

Standard Error 636.1475


Standard Deviation 5435.247

Forther t-test:

H0:  = 49000 vs H1: < 49000

t-statistics: -0.20672

p- value: 0.418405

Here, p value is greater than 0.05 so we accept that average pay for production worker is $49,000.

Current Pay vs Experience


70000

60000

50000
Curren pay

40000

30000

20000
y = 1180.8x + 24589
10000 R² = 0.6595

0
0 5 10 15 20 25 30
3 Experience

SUMMARY OUTPUT

Regression Statistics
Multiple R 0.812079
R Square 0.659472
Adjusted R
Square 0.654676
Standard
Error 3193.983
Observations 73

ANOVA
Significance
df SS MS F F
Regression 1 1.4E+09 1.4E+09 137.4999 2.84E-18
Residual 71 7.24E+08 10201528
Total 72 2.13E+09

Standard Upper Lower Upper


Coefficients Error t Stat P-value Lower 95% 95% 95.0% 95.0%
Intercept 24588.5 2104.08 11.6861 3.34E-18 20393.08 28783.92 20393.08 28783.92
Experience 1180.839 100.7023 11.72604 2.84E-18 980.0443 1381.634 980.0443 1381.634

 y = 1180.8x + 24589

 R² = 0.6595 standard error= 3193.983


 The gradient of the regression line is 1180.839
 3
 4 need to do

70000

60000

50000
Female
Current pay

40000 Male
Linear (Female)
30000
y = -68.154x + 46766 Linear (Female)
R² = 0.0083
20000 Linear (Male)
y = 169.92x + 45148 Linear (Male)
10000
R² = 0.0797

0
0 10 20 30 40 50 60
Gender

 Yes
 Yes with increasing trend. The male pay is comparatively higher than the female.
5

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