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Written Part This One
Written Part This One
Data figures are like Georges Seurats dot style of painting. If you are only looking
at one single dot on the canvas of Georges A Sunday Afternoon on the Island of La
Grande Jatte you may feel lost and confused. The result of having this feeling would lead you
to conclude that the dot is useless. Data can cultivate the same feelings. In this project I was
given the salaries of 7 Career majors. If you were to just looking at a single salary you will have
no comparison and consequently feel like you were looking at a single dot on a canvas. This
project allowed me to take few steps back latterly and metaphorically, so I could see the big
picture of how we can use data to make sense of every day questions when we have the data
right in front of our faces. The Steps that the project walked me though was how to organize the
data that was given and then apply the math that we learned in class to show us the big picture.
Which is the goal of applied learning!
Construct a 95% confidence interval estimate for the mean starting compensation for
students graduating in Humanities and Social Sciences.(see picture for worked results)
From the worked problem we can see in the center of the graph, the mean salary for
Humanities and social sciences is $38,817. With a 95% confidence we can say that the
salary will fall in-between (Low) $37,123 and (high) $40,501. This is a spread of $3,387.
Construct an 80% confidence interval estimate for the proportion of all students with
starting compensation over $50,000. (see picture for worked results)
Form the worked problem we can say with 80% confidence that between .388 and.455
that e combinations will be over 50,000. What I find interesting form the worked problem
is that out of 350 students sampled 148 or 42% of those students had a starting salary
equal to or exceeding $50,000
Hypothesis Tests
Using Hypothesis testing is the testing methods in which you compare a hypothesis to the
null hypothesis. The null hypothesis is only rejected if its probability falls below a predetermined
significance level, in which case the hypothesis being tested is said to have that level of
significance.
Use a 0.05 significance level to test the claim that students graduating in Education have
an average starting compensation of under $35,000. (see picture for worked results)
The results of the t score of 15.01 is considerable outside the normal of .05 significant.
The null hypothesis is that e mue is equal to 35000 with alternative hypothesis being less
then 35000 .
Use a 0.01 significance level to test the claim that 80% of students graduating with a
college degree will find a starting compensation package valued at over $40,000. (see
picture for worked results) The results show a negative z score, which could be predicted
because of a left tailed graph. The z score is -17.679 which falls outside the wall of .01
significance level of -2.33. We can determine that we will not reject the null hypothesis
because we dont have enough evidence.
Reflection
A condition for doing interval estimates or a hypothesis test is an interval value that makes a
threshold of if the null hypotheses will be accepted or rejected. The Data that we use determines
if the data falls within or outside that threshold. In the problem that stated the claim that,
students graduating in Education have an average starting compensation of under $35,000.
The outcome of the data showed that this was not true.
The data could have been more accurate if we knew where the data was coming from. In which
I mean, what state are these savory reflective of? What school did these students graduate form?
Having this year or even last years data. Knowing these few details would make the data more
valid. A way that this data could be improved would be conducting a random sample accosted
of graduates salaries from different universities across the state of Utah. This would enable use
to see a range of data for Utah graduates and Utah salaries.
From this data I drew the calculation that if you compare the two degrees, bachelors of science
and to bachelors of arts. These two degrees are not created equal. For example if you were
really good at math but didnt apply it you would make less than if you were to apply those
math skill into some form of engineering degree where you would be making more money.