Assignment
Goals:
- Understanding of the value of data and application of results from technical statistical analysis to decision making.
- Understanding of using descriptive & inferential (or predictive like linear regression) statistics to describe and address issues and challenges related to a real-world problem.
- Technical skills of using R to perform statistical analysis (both descriptive and inferential) and visualization techniques.
- Written skills to effectively communicate the results of your analysis.
A company asks you to perform an analysis to find patterns in the way annual bonuses are distributed to the employees. You are asked to prepare a report that will include at least the following:
a) Plot the annual bonuses using the appropriate graph so that any outliers are clearly distinguishable. It is suggested that you remove any extreme outliers for the rest of the analysis.
b) Test the claim that men are given higher bonuses than women and plot the appropriate graph that demonstrates your conclusion
c) Use the ages of the employees to divide them into age groups (in a way that you state) and test whether there are differences in the average salary between the age groups and whether interactions between age group and sex explain the annual bonus.
d) Create models (at least 3) to predict the annual bonus of the employees (some of the models should include interactions between the variables).
Attachment:- AnnualBonus.rar