In Exercises, find the (a)mean, (b) median, (c) mode, and (d) midrange for the given sample data. Express answers with the appropriate units of measurement. Then answer the given questions.

CEO Compensation Listed below are 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 :

Step 1 of 1 :

Given CEO Compensation Listed below are 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.

$17,688,241 , $1 , $19,628,585 , $12,407,800 , $14,765,410

Now we have to find the (a)mean, (b) median, (c) mode, and

(d) midrange for the given sample data.

a).

Mean :

Mean is calculated by adding up all the number and dividing that sum by the total number of numbers.

The formula for Mean is

Here,

∑, represents the summation

X, represents compensation amounts

N, represents total number of compensation amounts.

Mean =

Mean =

Mean...