As employees leave a company, they are asked to rate their level of job satisfaction during the time they were employed by the company. A sample set of scores (out of a maximum of 10) is provided below. 364452132537223191Use the information provided in the table to calculate:The median;The mode;The mean;The lower quartile (Q1);The upper quartile (Q3);The interquartile range (IQR);The standard deviation.State whether or not the ex-employees were likely to have left the company as a result of lack of job satisfaction. Use the statistics above to justify your conclusion.Discuss in which ways the company could benefit from making these statistics available to its current employees.

The objective of this question is to calculate various statistical measures from the given data set…

Answered: As employees leave a company, they are…

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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Question

As employees leave a company, they are asked to rate their level of job satisfaction during the time they were employed by the company. A sample set of scores (out of a maximum of 10) is provided below.

Use the information provided in the table to calculate:

1. The median;
2. The mode;
3. The mean;
4. The lower quartile (Q1);
5. The upper quartile (Q3);
6. The interquartile range (IQR);
7. The standard deviation.
State whether or not the ex-employees were likely to have left the company as a result of lack of job satisfaction. Use the statistics above to justify your conclusion.
Discuss in which ways the company could benefit from making these statistics available to its current employees.