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  • Compensationdistributionformajorofcollegegraduates 7

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    This project reflects the starting salaries for college students and benefits on different career majors. The data collection that we work with was from the year 2014 and it was a simple random sample taken from the US Department of Labor statistics on college graduates. This project allowed me to put into practice some of the things that I had learned in my class Math 1040, collecting data, organizing it and even seeing an example on how I can be able to use this project into something similar in my everyday life.

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    This project reflects the starting salaries for college students and benefits on different career majors. The data collection that we work with was from the year 2014 and it was a simple random sample taken from the US Department of Labor statistics on college graduates. This project allowed me to put into practice some of the things that I had learned in my class Math 1040, collecting data, organizing it and even seeing an example on how I can be able to use this project into something similar in my everyday life.

    Copyright:

    © All Rights Reserved
    Scarica in formato PDF, TXT o leggi online su Scribd
    Segnala contenuti inappropriati
    35 visualizzazioni5 pagine

    Compensationdistributionformajorofcollegegraduates 7

    Caricato da

    api-285626648
    This project reflects the starting salaries for college students and benefits on different career majors. The data collection that we work with was from the year 2014 and it was a simple random sample taken from the US Department of Labor statistics on college graduates. This project allowed me to put into practice some of the things that I had learned in my class Math 1040, collecting data, organizing it and even seeing an example on how I can be able to use this project into something similar in my everyday life.

    Copyright:

    © All Rights Reserved
    Scarica in formato PDF, TXT o leggi online su Scribd
    Segnala contenuti inappropriati
    di 5

    Math1040TermProject,Fall2015

    StartingCompensationsforCollegeGraduates

    ThisprojectallowedmetoputintopracticesomeofthethingsthatIhad
    learnedinmyclassMath1040,collectingdata,organizeitandevenseeingan
    exampleonhowIcanbeabletousethisprojectintosomethingsimilarinmy
    everydaylife.Thisprojectreflectsthestartingsalariesforcollegestudentsand
    benefitsondifferentcareermajorsandissomethingthatitcanbeapplytoany
    otherdifferentlifeevent.
    Thedatacollectionthatweworkwithwasfromtheyear2014
    anditwasasimplerandomsampletakenfromtheUSDepartmentofLabor
    statisticsoncollegegraduates,inthisnexttableisanexampleofthedataofthe
    samplemeanandstandarddeviationofthiscollegegraduatesandtheircareer.

    MajorField

    Business

    SampleMean 54537
    Sample
    Std.Dev

    7232

    Communicati
    ons

    Computer
    Science

    Education

    Engineerin
    g

    Hummanities Math&
    &Social
    Science
    science

    46227

    59542

    40021

    60664

    38817

    41923

    7214

    4669

    2365

    7879

    7146

    4938

    ThenextpartofthisprojectconsistsofcollectingdatabymakingHistograms
    forthecompensationdistributionforeachMajorField,withthehelpof
    StatCrunchthisgaveusavisualexampleandbeabletocompareeachofthem
    inabetterway,IwasabletoseetheCompensationsforcollegegraduatesin7
    differentMajors,someofthedatashownumbersalittletoohighandknowing
    thatthiscompensationsareincludingbenefitpackages.


    CompensationDistributionforMajorsofCollegeGraduates
    HistogramforcompensationdistributionforBusinessHistogramforcompensationdistributionfor
    MajorCommunicationsMajor

    HistogramforcompensationdistributionforEducationHistogramforcompensationdistributionfor
    MajorComputerScienceMajor

    HistogramforcompensationdistributionforHistogramforcompensationdistributionfor
    EngineeringMajorHumanities&SocialSciencesMajor

    HistogramforcompensationdistributionforMathematics&Sciencemajor

    Havingavisualexampleofatablelikeagraphithelpstobeableto
    comparetheresultsofonemajortoanother,IthinkthisgraphsdoreflectwhatI
    expectedthatengineeringisonewiththebiggestcompensationsperyear,
    someofthisgraphsarelittleskewedandothersaremoresymmetric,imlooking
    intothemajorofhealthscienceasmymajorwhichshouldbeinthecareerof
    humanitiesandsocialsciencewhichisnotthemostrewardingbutIcansayit
    hasadecentstartingcompensationforcollegegraduates.
    NegativeSkewNoSkewPositiveSkew

    IfIwouldtochooseacareerfromthissevenmajors,Iwillgowithengineering
    becauseithasthehighercompensations.

    5NumberSummaryForeachMajorField

    column

    Engineeri
    ng

    Business

    Computer
    Science

    Communic
    ations

    Mathematic
    s&Science

    Humanities&Social
    Science

    Education

    Min

    $46475

    $40745

    $46785

    $33282

    $31920

    $23114

    $35250

    Q1

    $54789

    $49218

    $56864

    $41609

    $38524

    $33549

    $38690

    Median $60042

    $54728.5

    $59835.5

    $45420

    $41939.5

    $39600.5

    $39857

    Q3

    $66452

    $58926

    62478

    $51185

    $45068

    $43024

    $41638

    Max

    $80236

    $71803

    $69490

    $62359

    $54261

    $5422

    $44591

    Boxplotsbasedonthe5NumberSummaryofeachofthe
    sevenMajorFields


    WhenIusedStatcrunchtocreatetheboxplot,whichisavisualexample
    graphthatgiveusabetterexamplehowvaluesarespaceoutindifferentsetsof
    dataforexamplethefivenumbersummary(Min,Q1,median,Q3andmax)
    noneofthisboxplotsseentohaveanyoutliers,someofthisboxplotsshowthat
    someofthismajorfieldsmighthavesuchextremehighorlowvalueandIthink
    isbecausethedifferencetstartingcompensationsofeachcareer

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