Final Answer:
The frequency distribution of hourly wages for the 15 employees at Matt's Tire and Auto Repair is organized, detailing the number of employees at each wage level.
Step-by-step explanation:
In analyzing the distribution of hourly wages for Matt's Tire and Auto Repair employees, a frequency distribution provides a comprehensive overview. This distribution categorizes the wages into different intervals, showcasing the number of employees falling within each range. For example, if the wages are organized into intervals such as $10-$15, $16-$20, and so forth, the frequency distribution will indicate how many employees earn within each specified range.
Calculating the frequency involves counting the number of employees falling into each wage interval. This process is crucial for understanding the distribution patterns and identifying any prevailing trends, such as a concentration of employees within a specific wage bracket. It offers a clear visual representation of the wage structure, enabling stakeholders to make informed decisions regarding compensation, budgeting, and other related aspects.
Additionally, statistical measures such as the mean (average), median, and mode can be derived from the frequency distribution. These measures provide a more nuanced understanding of the central tendency and overall shape of the wage distribution. The frequency distribution, thus, serves as a valuable tool for HR professionals, management, and analysts in comprehending the wage dynamics within the organization.