8. According to a 2015 report by the New York Times and the 200 Highest-Paid CEO

Question

8. According to a 2015 report by the New York Times and the 200 Highest-Paid CEO rankings, the median pay for these 200 CEOs was $17.6 million. An examination of the pay distribution finds a handful to be very high (over a $100 million) with most "only" making eight-figure incomes. One would expect the mean to be: O greater than the mean because salary distributions are skewed to the right. O less than the mean because salary distributions are skewed to the right O greater than the mean because salary O less than the mean because salary distributions are skewed to the left are skewed to the left. 9. For a distribution that is skewed to the left, usually the O median will be larger than the mean. O standard deviation will be negative. O minimum will be larger than the maximum. O mean will be larger than the median. O first quartile will be larger than the third quartile. NFL squads have 53 players on their roster. The distribution of players' salaries is strongly skewed to the right, with many players making only' the league minimum ($450,000 for rookies in 2016) and a few stars making millions. A good numerical description of this distribution is given by: O a 95 percent confidence interval. the mean and standard deviation. the r summary the margin of error.

Explanation / Answer

Solution:-

8) Greater than the mean, because salary distributions are skewed to the right.

9) Median will be larger than the mean.

For the left skewed data the mean is smaller than the median.

10) Five number summary.

For the skewed data median and quartiles act as good discriptors.

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