Given data in the file P2_13.XLS from a recent survey of chief executive officers from 350 of
Question:
Given data in the file P2_13.XLS from a recent survey of chief executive officers from 350 of the nation’s biggest businesses (The Wall Street Journal, April 9, 1998), choose a simple random sample of 25 executives and find the mean, median, and standard deviation of the bonuses awarded to them in 1997. How do these sample statistics compare to the mean, median, and standard deviation of the bonuses given to all executives included in the frame?
a. Construct a histogram for each of these three distributions of numerical values. Are these distributions essentially symmetric or are they skewed?
b. Compare the distributions of the mean verbal scores and mean mathematical scores. In what ways are these two distributions similar and in what ways are they different?
Step by Step Answer:
Managerial Statistics
ISBN: 9780534389314
1st Edition
Authors: S. Christian Albright, Wayne L. Winston, Christopher Zappe