Question: For each CEO, a code is listed that corresponds to the industry of the CEOs company. Here are a few of the codes and the

For each CEO, a code is listed that corresponds to the industry of the CEO€™s company. Here are a few of the codes and the industries to which they correspond:

A recently hired investment analyst has been assigned to examine the industries and the compensations of the CEOs. To start the analysis, he produces the following histogram of industry codes.

a) What might account for the gaps seen in the histogram?

b) What advice might you give the analyst about the appropriateness of this display?

Industry Code Industry Code Industry Industry Financial services Energy Capital goods Computers/ 1 12 Food/drink/tobacco 2 14 Health 16 communications Insurance Entertainment/ information 4 17 Consumer non-durables Retailing Forest products Aerospace/defense 6. 18 Electric utilities 19 11

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