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Unformatted text preview: If so, explain how you can tell. Are there any outliers? What are they? Provide a possible explanation for the outliers. The boxplot tells us that the data is positively skewed. The median is less than the mean, and there is an outlier. One CEO earned 1103 thousand dollars annually. He could have been highly qualified for the job, or there was a mistake in reporting his salary. 6. How are the ages distributed? What is the skewness of the ages of CEOs? What does this tell us about the data? The ages are almost symmetrical, with a slight positive skew. Most CEOs are between 45 and 60 years old. 7. Discuss the relationship between CEO age and salary. Is there a relationship? Do older CEOs make more money than the younger CEOs? I do not think there is a relationship between age and salary. If anything, there is a very weak direct correlation. A few of the oldest CEOs make less than the youngest and vice versa....
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- Spring '08
- Standard Deviation, 60 years, Appropriate measure, 54.06%, 400 thousand dollars, 1103 thousand dollars