PROO 600 UMGC Workforce Composition Quantitative Analysis

User Generated

raqnuofa

Business Finance

PROO 600

University of Maryland Global Campus

PROO

Description

Project 4 Start Here

Transcript

Over this two-week period, you will use mathematical operations and data analysis to solve problems and inform decision making. Your final assignment will be the creation of a comprehensive Excel workbook with supporting charts and graphs and a short analysis of the data.

This project will enable you to refresh and refine your skills in math and statistics before you tackle a real-world data set using Excel to analyze and display the data.

Quantitative reasoning uses a process similar to the qualitative research process in that you will first identify an issue or problem and then use mathematical formulas or an analytic tool to derive a solution. You will construct graphs, charts, and tables to display data and inform analysis and interpretation. You will evaluate the results of the information, draw analyses and validate them by applying them to the issue or problem.

This project will enable you to see the connection between data and how the use of quantitative analysis of that data informs solutions to practical problems with potential impact on your organization or industry.

There are 10 steps that lead you through this project. Each step should take about two hours to complete. Begin by watching the video above, which introduces the project as it might occur in the workplace, then continue with Step 1: Refresh Your Math, Statistics, and Excel Skills.

Competencies

Your work will be evaluated using the competencies listed below.

1.1: Organize document or presentation clearly in a manner that promotes understanding and meets the requirements of the assignment.

1.2: Develop coherent paragraphs or points so that each is internally unified and so that each functions as part of the whole document or presentation.

1.4: Tailor communications to the audience.

1.5: Use sentence structure appropriate to the task, message and audience.

1.6: Follow conventions of Standard Written English.

3.1: Identify numerical or mathematical information that is relevant in a problem or situation.

3.2: Employ mathematical or statistical operations and data analysis techniques to arrive at a correct or optimal solution.

3.3: Analyze mathematical or statistical information, or the results of quantitative inquiry and manipulation of data.

3.4: Employ software applications and analytic tools to analyze, visualize, and present data to inform decision-making.

User generated content is uploaded by users for the purposes of learning and should be used following Studypool's honor code & terms of service.

Explanation & Answer

Attached.

Apply Quantitative Reasoning
Prepare your responses in this workbook. Once you have entered your answers here,
move the tab to the first tab position.
Response to the Graphs

There is a high chance of employee disparity as the from thee Gender pie chart, it can be seen that there is about 81
percent of Male employees as compared to 19 percent of counterpart gender. On the education pie chart, the
company employees’ people with high school diploma that people with bachelor’s degree or Master’s degree. The
distribution is uniform basing on the pie chart which indicates a diversity in the level of education. But on a closer
scrutiny of the graph, the company is lagging behind implementing the diversity in the workforce depending on a
large difference in the employed education levels.
The company employees more Caucasians that Asians and Hispanic, hence this indicates that there is no diversity
in race but there is a uniform distribution of number of employees per state indicating that the company did a
selection from all states. Though the Northeast had the highest personal.
The sale of the company fluctuated over the years by with a steady increase as seen from the line graph of the
summary. Though from year one it increased about $1 million but declined to $0 in year 3.and then the trend
started improving slowly up to $5 million sales in year sixteen before it started to drop again.
These analyses can help a company to change its strategies in terms of diversifying its employes in regard to gender, race,
states and the marital status. Diversity due to such factors will help the company to increase it is product with a larger
markeet segementation.

Salary
Mean
53114,89785
Standard Error
1125,710962
Median
51296,5
Mode
36918
Standard Deviation
21711,92675
Sample Variance
471407763
Kurtosis
4,921273461
Skewness 1,194918571
Range
185028
Minimum
15182
Maximum
200210
Sum
19758742
Count
372

Hrly Rate
Mean
Standard Error
Median
Mode
Standard Deviation
Sample Variance
Kurtosis
Skewness
Range
Minimum
Maximum
Sum
Count

Yrs of Svc
25,56323666
0,542778777
24,66177885
42,22019231
10,46873793
109,5944738
4,834373968
1,187028704
88,95576923
7,299038462
96,25480769
9509,524038
372

Mean
Standard Error
Median
Mode
Standard Deviation
Sample Variance
Kurtosis
Skewness
Range
Minimum
Maximum
Sum
Count

6,890180705
0,211497656
5,730555556
15,79444444
4,079219069
16,64002821
-0,393386539
0,730402703
15,40555556
0,388888889
15,79444444
2563,147222
372

Ed
Mean
Standard Error
Median
Mode
Standard Deviation
Sample Variance
Kurtosis
Skewness
Range
Minimum
Maximum
Sum
Count

Age
13,70698925
0,116559955
12
12
2,248127
5,054075008
-0,280202063
0,967535169
7
12
19
5099
372

Mean
Standard Error
Median
Mode
Standard Deviation
Sample Variance
Kurtosis
Skewness
Range
Minimum
Maximum
Sum
Count

35,83333333
0,502822704
35
32
9,698093106
94,05300988
-0,714494144
0,31027907
44
18
62
13330
372

Workforce Profile Analysis
Section 1: Complete all Columns in Data
Format for:
Number

Date

Text

Currency
$0,00

Currency

General

Number

Hrly Rate

Year Ending
12/31/2014
Yrs of Svc

Vested Yr
10,00
Ed

$24,13
$31,52
$14,47
$39,27
$21,27
$17,86
$15,98
$27,38
$20,91
$33,69
$25,91
$16,17
$32,91
$41,81
$10,49
$39,80
$21,79
$13,70
$13,24
$16,57
$24,00
$38,32
$12,34
$9,20
$7,33
$21,94
$41,74
$18,17
$15,99
$23,02
$32,58
$25,74
$24,08
$18,46
$15,77
$13,29
$14,34
$31,84

0
1
1
1
1
1
1
1
1
1
1
1
1
1
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2

12,00
12,00
12,00
16,00
12,00
12,00
12,00
12,00
12,00
12,00
12,00
12,00
16,00
16,00
14,00
12,00
12,00
12,00
14,00
12,00
12,00
16,00
12,00
14,00
12,00
12,00
19,00
12,00
12,00
12,00
12,00
12,00
12,00
12,00
12,00
12,00
12,00
16,00

mm/dd/yy

Emp #

Hire Date

Role

1850
1850
1848
1848
1846
1846
1846
1841
1841
1840
1836
1835
1831
1830
1824
1829
1821
1822
1820
1819
1816
1814
1815
1813
1812
1809
1804
1802
1803
1797
1800
1800
1796
1794
1793
1793
1793
1789

08/11/14
04/15/14
02/19/14
01/14/14
01/13/14
10/25/13
10/23/13
09/23/13
09/19/13
09/18/13
09/08/13
08/05/13
08/04/13
07/08/13
06/07/13
06/07/13
05/31/13
05/31/13
05/07/13
04/26/13
04/15/13
04/13/13
04/13/13
04/07/13
03/18/13
03/07/13
03/05/13
03/04/13
03/04/13
02/15/13
02/15/13
02/15/13
01/06/13
12/15/12
11/12/12
09/15/12
09/07/12
09/06/12

Machine
Sr Mach
Machine
Engineering
Shipping
Machine
Machine
Machine
Machine
Sr Mach
Machine
Machine
Flr Supr
Engineering
Gen Shop
Sr Mach
Machine
Gen Shop
Gen Shop
Shipping
Machine
Engineering
Gen Shop
Gen Shop
Gen Shop
Machine
Engineering
Shipping
Machine
Shipping
Sr Mach
Machine
Machine
Machine
Machine
Gen Shop
Machine
Acctg/Fin

Salary
$0,00
$50.199,00
$65.556,00
$30.089,00
$81.691,00
$44.236,00
$37.144,00
$33.244,00
$56.946,00
$43.498,00
$70.084,00
$53.903,00
$33.631,00
$68.455,00
$86.972,00
$21.828,00
$82.777,00
$45.317,00
$28.486,00
$27.541,00
$34.456,00
$49.925,00
$79.709,00
$25.671,00
$19.141,00
$15.248,00
$45.641,00
$86.818,00
$37.800,00
$33.266,00
$47.891,00
$67.771,00
$53.537,00
$50.082,00
$38.398,00
$32.797,00
$27.633,00
$29.819,00
$66.230,00

Workforce Profile Analysis
1787
1785
1785
1785
1782
1779
1779
1776
1776
1774
1771
1773
1770
1767
1760
1764
1760
1757
1756
1756
1754
1750
1750
1749
1748
1745
1744
1744
1744
1741
1737
1736
1736
1723
1726
1733
1723
1709
1687
1687
1693
1680
1679
1673
1672
1671
1668
1669
1668

09/05/12
09/01/12
08/21/12
08/16/12
08/15/12
08/07/12
07/30/12
07/08/12
07/08/12
06/21/12
06/13/12
06/13/12
06/02/12
05/06/12
05/04/12
05/04/12
05/03/12
05/02/12
05/01/12
03/04/12
02/14/12
02/06/12
02/05/12
01/15/12
01/08/12
12/14/11
11/20/11
11/18/11
11/15/11
10/16/11
10/15/11
10/03/11
09/23/11
09/05/11
09/05/11
09/05/11
09/04/11
08/19/11
08/17/11
08/17/11
08/17/11
08/02/11
07/20/11
07/08/11
07/04/11
06/15/11
06/07/11
06/07/11
06/04/11

IT Staff
Sr Mach
Shipping
Machine
Machine
Machine
Machine
Machine
Machine
Sales
Machine
Machine
Machine
Sales
Design
Design
Machine
Machine
Gen Shop
Mrktg
Sr Sales Mgr
Admin
Machine
Sr Mach
Machine
Engineering
Quality
Purch
Gen Shop
Sales
Advertg
Machine
IT Staff
Design
Engineering
Acctg/Fin
Sr Mach
Engineering
Gen Shop
Machine
Machine
Machine
Machine
Machine
Machine
Machine
Flr Supr
Machine
Invent

$88.517,00
$65.283,00
$31.035,00
$54.158,00
$39.331,00
$56.291,00
$39.634,00
$47.522,00
$40.705,00
$63.836,00
$33.808,00
$49.797,00
$34.512,00
$52.485,00
$61.333,00
$80.483,00
$57.643,00
$37.084,00
$26.163,00
$81.191,00
$84.068,00
$21.387,00
$31.992,00
$67.380,00
$58.742,00
$75.261,00
$53.487,00
$45.670,00
$17.943,00
$70.708,00
$53.064,00
$46.057,00
$65.469,00
$76.577,00
$85.825,00
$29.632,00
$70.234,00
$85.463,00
$26.156,00
$30.577,00
$54.368,00
$50.133,00
$50.636,00
$52.469,00
$54.886,00
$34.680,00
$74.104,00
$49.201,00
$32.633,00

$42,56
$31,39
$14,92
$26,04
$18,91
$27,06
$19,05
$22,85
$19,57
$30,69
$16,25
$23,94
$16,59
$25,23
$29,49
$38,69
$27,71
$17,83
$12,58
$39,03
$40,42
$10,28
$15,38
$32,39
$28,24
$36,18
$25,71
$21,96
$8,63
$33,99
$25,51
$22,14
$31,48
$36,82
$41,26
$14,25
$33,77
$41,09
$12,58
$14,70
$26,14
$24,10
$24,34
$25,23
$26,39
$16,67
$35,63
$23,65
$15,69

2
2
2
2
2
2
2
2
2
3
3
3
3
3
3
3
3
3
3
3
3
3
3
3
3
3
3
3
3
3
3
3
3
3
3
3
3
3
3
3
3
3
3
3
3
4
4
4
4

19,00
12,00
12,00
12,00
12,00
12,00
12,00
12,00
12,00
16,00
12,00
12,00
12,00
16,00
16,00
16,00
12,00
12,00
12,00
16,00
16,00
12,00
12,00
12,00
14,00
16,00
16,00
12,00
12,00
16,00
16,00
12,00
16,00
16,00
19,00
16,00
12,00
19,00
12,00
12,00
12,00
12,00
12,00
12,00
14,00
12,00
16,00
12,00
12,00

Workforce Profile Analysis
1667
1661
1667
1661
1660
1659
1658
1654
1644
1640
1639
1638
1637
1636

05/23/11
05/21/11
05/21/11
05/07/11
05/04/11
05/03/11
04/12/11
04/04/11
03/06/11
02/22/11
02/04/11
02/03/11
01/15/11
12/06/10

Machine
Invent
Machine
Sr Flr Mgr
Machine
Engineering
Machine
Machine
Acctg/Fin
Machine
Machine
Machine
Machine
Machine

1630
1629
1626
1623
1625
1622
1620
1619
1616
1616
1613
1612
1611
1609
1608
1608
1598
1597
1596
1593
1591
1589
1588
1584
1580
1579
1575
1571
1569
1568
1568
1565
1557
1558

12/01/10
11/20/10
10/23/10
10/18/10
10/18/10
10/12/10
09/19/10
09/18/10
09/17/10
09/16/10
09/15/10
09/07/10
08/25/10
08/08/10
07/12/10
07/09/10
06/30/10
06/22/10
06/12/10
06/10/10
06/07/10
04/30/10
04/23/10
04/15/10
04/03/10
03/25/10
03/22/10
03/14/10
03/11/10
02/12/10
02/08/10
02/07/10
01/14/10
01/14/10

Invent
Engineering
Machine
Machine
Machine
Machine
Sr Sales Mgr
Shipping
Design
Acctg/Fin
Gen Shop
Engineering
Machine
Design
Machine
Machine
Machine
Machine
Machine
Machine
Machine
Machine
Design
Mrktg
Sr Flr Mgr
Machine
Advertg
Sales
Machine
Shipping
Shipping
Engineering
Purch
Flr Supr

$52.450,00
$55.994,00
$50.502,00
$83.974,00
$34.317,00
$86.238,00
$35.498,00
$39.931,00
$46.589,00
$31.924,00
$42.719,00
$32.157,00
$48.317,00
$57.822,00
$5.091.475,00
$58.068,00
$60.324,00
$58.792,00
$58.928,00
$34.804,00
$53.922,00
$90.822,00
$50.788,00
$81.077,00
$66.261,00
$26.096,00
$86.972,00
$51.084,00
$61.441,00
$51.360,00
$31.049,00
$57.530,00
$35.536,00
$39.191,00
$39.130,00
$50.522,00
$53.784,00
$51.226,00
$67.415,00
$96.546,00
$31.809,00
$65.089,00
$52.300,00
$46.787,00
$47.650,00
$35.550,00
$64.153,00
$60.346,00
$75.375,00

$25,22
$26,92
$24,28
$40,37
$16,50
$41,46
$17,07
$19,20
$22,40
$20,54
$20,54
$15,46
$23,23
$27,80

4
4
4
4
4
4
4
4
4
4
4
4
4
4

12,00
16,00
12,00
16,00
12,00
19,00
12,00
12,00
16,00
12,00
12,00
12,00
12,00
16,00

$27,92
$29,00
$28,27
$28,33
$16,73
$25,92
$43,66
$24,42
$38,98
$31,86
$12,55
$41,81
$24,56
$29,54
$24,69
$14,93
$27,66
$17,08
$18,84
$18,81
$24,29
$25,86
$24,63
$32,41
$46,42
$15,29
$31,29
$25,14
$22,49
$22,91
$17,09
$30,84
$29,01
$36,24

4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5

12,00
16,00
12,00
14,00
12,00
12,00
19,00
14,00
19,00
16,00
14,00
16,00
12,00
16,00
12,00
12,00
12,00
12,00
12,00
12,00
12,00
12,00
16,00
16,00
12,00
12,00
16,00
16,00
12,00
12,00
12,00
16,00
16,00
16,00

Workforce Profile Analysis
1560
1556
1554
1554
1553
1552
1553
1550
1550
1543
1541
1533
1539
1531
1529
1527
1525
1523
1519
1519
1517
1515
1504
1505
1506
1507
1513
1504
1498
1492
1496
1498
1481
1484
1477
1477
1476
1471
1474
1468
1466
1466
1461
1456
1456
1448
1450
1452
1447

01/14/10
12/15/09
11/13/09
11/05/09
10/15/09
10/06/09
10/06/09
09/21/09
09/20/09
09/15/09
09/12/09
09/08/09
09/08/09
08/27/09
08/21/09
08/19/09
08/13/09
08/09/09
08/06/09
07/25/09
07/23/09
07/14/09
07/10/09
07/10/09
07/10/09
07/10/09
07/10/09
07/08/09
07/01/09
06/18/09
06/18/09
06/18/09
06/17/09
06/17/09
06/12/09
06/03/09
06/02/09
05/30/09
05/30/09
05/27/09
05/18/09
05/16/09
05/14/09
04/23/09
04/17/09
04/16/09
04/16/09
04/16/09
04/15/09

Flr Supr
Machine
Design
Machine
Machine
Quality
Shipping
Machine
Engineering
Sr Mach
IT Staff
Machine
Sr Mach
Gen Shop
Acctg/Fin
Design
Engineering
Machine
Gen Shop
Machine
Machine
Purch
Sales
Advertg
Machine
Sales
Mrktg
Admin
Sr Mach
Machine
Quality
Machine
Gen Shop
Sales
Machine
Machine
Machine
Machine
Sales
Machine
Gen Shop
Machine
Machine
Gen Shop
Machine
Machine
IT Staff
Sr Mach
Invent

$70.293,00
$43.213,00
$51.233,00
$52.580,00
$40.629,00
$55.254,00
$32.960,00
$48.712,00
$62.458,00
$68.317,00
$55.067,00
$35.002,00
$69.128,00
$18.102,00
$50.767,00
$63.010,00
$62.572,00
$33.609,00
$15.182,00
$55.936,00
$33.574,00
$48.560,00
$64.329,00
$53.215,00
$49.838,00
$64.415,00
$81.221,00
$22.415,00
$67.692,00
$45.934,00
$53.981,00
$36.918,00
$28.537,00
$71.265,00
$32.812,00
$58.640,00
$50.914,00
$45.130,00
$72.181,00
$51.431,00
$21.897,00
$44.860,00
$52.235,00
$26.351,00
$49.672,00
$44.765,00
$88.698,00
$69.628,00
$52.765,00

$33,79
$20,78
$24,63
$25,28
$19,53
$26,56
$15,85
$23,42
$30,03
$32,84
$26,47
$16,83
$33,23
$8,70
$24,41
$30,29
$30,08
$16,16
$7,30
$26,89
$16,14
$23,35
$30,93
$25,58
$23,96
$30,97
$39,05
$10,78
$32,54
$22,08
$25,95
$17,75
$13,72
$34,26
$15,78
$28,19
$24,48
$21,70
$34,70
$24,73
$10,53
$21,57
$25,11
$12,67
$23,88
$21,52
$42,64
$33,48
$25,37

5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
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Anonymous
This is great! Exactly what I wanted.

Studypool
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Sitejabber
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