EMPLOYMENT AND EARNINGS James and Clayton. Topic of Interest Describes the economic status of all businesses in Canada (trends) Helps with determining.

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Presentation transcript:

EMPLOYMENT AND EARNINGS James and Clayton

Topic of Interest Describes the economic status of all businesses in Canada (trends) Helps with determining future plans (working, immigration, etc.)

Variables Independent  Payroll Employment Dependent  Average Weekly Earnings ($) Thesis: Does payroll employment affect average weekly earnings? Hypothesis: Increased payroll employment will result in increased average weekly earnings

Sample of Data thousands Employment All industries11, , , , , , , , , , , , , , Public administration , , , , Federal administration Provincial and territorial administration Local administration average weekly ($) Earnings All industries Public administration , , , , , Federal administration , , , , , , , , , , Provincial and territorial administration , , , , , , Local administration

Data In thousands average weekly ($) Employment Earnings Year All industries , , , , , , , , , , , , , ,

Sample and Population Target audience  all businesses in Canada (that consists of at least one employee) out of business in Canada

Sampling Method and Bias Systematic Sampling  About 2% of the target population’s answers in the data ( out of =1.67%) Sampling Bias  Sample does not accurately represent population  Possible cherry-picking (census samples entire population but population is too large)

Payroll Employment Not normally distributed (not bell curve) Skewed LEFT

Independent Variable- Payroll Employment MEAN: 13, MEDIAN: 13, MODE: #N/A (numbers not repeated) Standard Deviation:

Average Weekly Earnings Not normally distributed Skewed RIGHT

Dependent Variable- Average Weekly Earnings MEAN: MEDIAN: MODE: #N/A (numbers not repeated) Standard Deviation: 82.53

Two-Variable Statistical Analysis R= R= Correlation Coefficient R² = Coefficient of Determination

Conclusion As payroll employment increases, the average weekly earnings increase Why: Strong positive linear correlation shows an increase in both variables

Further Analysis Survey and data collection should be done in other countries for comparison of economic status between businesses in different locations Comparison will indicate which country provides the highest job opportunity and income earned Data collection of unemployment should be taken into consideration to indicate which country will provide a more stable and successful life for individuals