Lct02a - Introduction to Business Statistics Lecture 2A...

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Introduction to Business Statistics ecture 2A Lecture 2A Descriptive Statistics in Action Example: Each year Forbes publishes an article that deals with the pay of top executives. The data for this example are taken from the May 23, 1994 issue of Forbes. The data in this issue is more extensive than what we have used here. Our questions: What is the distribution of executive compensation for these executives as reported by Forbes ? Are these executives overpaid? 1
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Variable N N* Mean Median TrMean StDev Total comp. 790 10 2818743 1304470 1879515 8320053 ariable SE Mean Minimum aximum Q1 3 Variable SE Mean Maximum Q3 Total comp. 296014 28816 203020000 787304 2518628 Remarks: Note that the mean is even higher than the third quartile. ho made over $200,000,000 for the year? Michael Eisner of Disney. Who made over $200,000,000 for the year? Michael Eisner of Disney. Who made less than 6 digits? Alfred Smith Jr. of Citizens Bancorp 4
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Lct02a - Introduction to Business Statistics Lecture 2A...

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