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RES 710 Week 1 Assignment
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February 18, 2022
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RES 710 Week 2 Assignment

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RES 710 Week 2 Assignment: Individual Graded Application

Description

RES 710 Week 2 Assignment: Individual Graded Application

Assignment Content

You have been asked to provide a salary recommendation for a new position in your organization. To inform your recommendation, you conduct a search of job postings from the past 12 months to determine an appropriate salary range that reflects current industry standards (Table 1)

.

Use the data from Table 1 to calculate:

  • The mean
  • The variance
  • The standard deviation

Provide a response the following questions:

  • What does the standard deviation reveal about the range of salaries for the new position?
  • What salary recommendation would you make for this this position? Justify your answer.
  • What additional steps would you take to determine the sustainability of this new position in the industry? Why might this be important?

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