A company has 70 employees whose salaries are summarized in the frequency distribution below
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A company has 70 employees whose salaries are summarized in the frequency distribution below

Question

5. A company has 70 employees whose salaries are summarized in the frequency distribution below.

Salary                          Number of Employees 

5,001–10,000              8 
10,001–15,000            12 
15,001–20,000            20 
20,001–25,000            17 
25,001–30,000            13 

a.Find the standard deviation.

b.Find the variance.

Hint
Statistics mean = ∑fixi / ∑fi = variance = (1/n * ∑fi xi2) - mean2 = standard deviation = SQRT(variance) ...

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