Beruflich Dokumente
Kultur Dokumente
Stats 1040
Term Project
This project is to hopefully show you the differences in pay for graduates from
one career to the next. I have provided some graphs to better demonstrate the
differences between all 7 career fields. My data has come from the US Department
of Labor for the year 2014.
Major Field
Sample
Mean
Sample
Std. Dev.
Computer
ications
Science
54537
46227
59542
40021
60664
38817
41923
7232
7214
4670
2365
7879
7146
4938
Business
Education
Engi-
Humanities
Commun-
neering
& Social
Sciences
Math &
Sciences
As you can see in all of these graphs are different. The ranges are based on
the annual income in each field. Careers such as business, computer science, and
engineering all have much higher pay out then the rest. My chosen career is social
work which falls in the Humanities and Social Science category. The average a
student makes right after graduating is about 40,000. Which is much lower than
other careers. Education which many people especially in Utah go into, generally
make between 37,000 and 41,000. Which is much lower than the average engineer
that makes 53,000-61,000. That is higher than the range for education even goes.
All of these graphs are different between if they are skewed or normal. A lot of them
are skewed slightly, but not a whole lot and it differs from each, some are slightly
skewed left and some are slightly skewed right. I would say that they are normal
distributions. They seem to be fairly even and dont jump extremely one way or the
other.
Maximu
m
Q3
Educati
on
Enginee
ring
Huma
n. &
SS
Math &
Sci.
69490
44591
80236
54220
54261
62485
41654
66541
43100
45183
Busine
ss
Comm.
Comp.
Sci.
71803
62359
59183
51213
Median
Q1
Minimu
m
54728
49173
45420
41592
59835
56808
39857
38684
60042
54762
39600
33539
41939
38453
40745
33282
46785
35250
46475
23114
31920
to
The confidence interval describes a range of possible population means based off
the sampling distribution. It is the best way to identify the nature of the population
distribution.
This is a 95% confidence interval for the Humanities and Social Sciences: 36786.71
< < 40847.29
This is a 99% confidence interval for the Business industry: 51859.42 < <
57214.58
This is an 80% confidence interval for starting compensation over 50,000: .3961 <
< .463
There is a big correlation between confidence intervals and hypothesis. You use a
test statistic to prove yourself right or wrong. In these 2 cases we did one of each
where we rejected that they Educators made less than 35,000 and that most college
graduates made more than 40,000 a year. The errors that could be possible with
this data is that it was from the state of Utah. Other states may pay more or less. It
was only 350 people surveyed. Only 50 from each category. My conclusion is very
basic. I think that if you take the time to get a college degree you will be able to
support yourself. There are more prestigious degrees as far as money goes, even
though each field is bachelors degree.
Audri Arbuckle
E-portfolio reflective writing
going into Social work which falls under the Humanities and Social Sciences
category. Which I knew going in was not going to be a job you go into for the
money. I was happy to see that there was not as big of a gap as what I was
thinking. I think we take advantage of the people that know how to use these
equations to create new things that make our lives easier. This class was
beneficial to see how those decisions are decided and how to know the
process of making decisions based on surveys of the population.