The calculations performed for the given set of data and results have been tabulated as shown below:

Bachelor’s Degree High School Diploma No High School Diploma

30 30.00 30.00
Count
688.79 367.83 313.82
Sum
22.96 12.26 10.46
Average/ mu
3.56 3.55 2.37
Standard deviation
22.96 12.26 10.46
mean
12.27 12.19 5.43
Sample Variance
1.96 1.96 1.96
Z for 95 C.I
1.27 1.27 0.85
Margin of error
24.23 13.53 11.31
Upper Limit with 95% C.I
21.68 10.99 9.61
Lower Limit with 95% C.I

The maximum

From the above statistical analysis, it can be said that workers with Bachelor degree are getting
highest hourly wage.

Sample Calculations for Bachelor’s degree data:

For 95% confidence interval

  0.05
z /2  1.96

Mean of the sample was calculated as follow:


xi
n
For Bachelor’s degree

x i  688.79


xi 688.79
  22.96
n 30
And for standard deviation calculation
  xi     368.07
2

1 1
   xi     368.07  3.56
2

n 1 30  1
Margin of error is calculated as:


M .E  z /2 
n
3.56
 1.96   1.27
30


Upper lim it with 95% C.I  X  z /2   22.96  1.27  24.23
n

Lower lim it with 95% C.I  X  z /2   22.96  1.27  21.68
n