When studying salaries paid to CEOs of large companies, it is found that almost all of them

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When studying salaries paid to CEOs of large companies, it is found that almost all of them range from a few hundred thousand dollars to several million dollars, but one CEO is paid a salary of $1. Is that salary of $1 an outlier? In general, how might outliers affect conclusions about correlation?
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Statistical Reasoning for Everyday Life

ISBN: 978-0321817624

4th edition

Authors: Jeff Bennett, Bill Briggs, Mario F. Triola

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