In Exercises, find the range, variance, and standard deviation for the given samph data. Include appropriate units (such as “minutes”) in your results. (The same data were used in Section 3-2 where we found measures of center. Here we find measures of variation.) Then answer the given questions.

CEO Compensation Listed below are the recent annual compensation amounts for these chief executive officers: Mulally (Ford), Jobs (Apple), Kent (Coca-Cola), Otellini (Intel), and McNerney (Boeing). The data are from the Associated Press. What is particularly notable about these compensation amounts?

Answer

CEO |
Compensation($) |
(x-) |

Mulally(Ford) |
17688241 |
2.29463E+13 |

Jobs(Apple) |
1 |
1.66359E+14 |

Kent(Coca-Cola) |
19628585 |
4.53007E+13 |

Otellini(Intel) |
12407800 |
2.40303E+11 |

McNerney(Boeing) |
14765410 |
3.48719E+12 |

Total |
64490037 |
2.38333E+14 |

Step 1 of 3</p>

Range=Largest value-Smallest value

=19628585-1

=19628584

Step 2 of 3</p>

==

=12898007.4

Variance=

=(2.38333E+14)/5

=4.76666E+13