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Top-Paid CEOs The data shown are the total compensation (in millions of dollars) for the
Chapter 3, Problem 8(choose chapter or problem)
The data shown are the total compensation (in millions of dollars) for the 50 top-paid CEOs for a recent year. Compare the averages, and state which one you think is the best measure.
\(\begin{array}{lllll}
17.5 & 18.0 & 36.8 & 31.7 & 31.7 \\
17.3 & 24.3 & 47.7 & 38.5 & 17.0 \\
23.7 & 16.5 & 25.1 & 17.4 & 18.0 \\
37.6 & 19.7 & 21.4 & 28.6 & 21.6 \\
19.3 & 20.0 & 16.9 & 25.2 & 19.8 \\
25.0 & 17.2 & 20.4 & 20.1 & 29.1 \\
19.1 & 25.2 & 23.2 & 25.9 & 24.0 \\
41.7 & 24.0 & 16.8 & 26.8 & 31.4 \\
16.9 & 17.2 & 24.1 & 35.2 & 19.1 \\
22.9 & 18.2 & 25.4 & 35.4 & 25.5
\end{array}\)
find (a) the mean, (b) the median, (c) the mode, and (d) the midrange
Questions & Answers
QUESTION:
The data shown are the total compensation (in millions of dollars) for the 50 top-paid CEOs for a recent year. Compare the averages, and state which one you think is the best measure.
\(\begin{array}{lllll}
17.5 & 18.0 & 36.8 & 31.7 & 31.7 \\
17.3 & 24.3 & 47.7 & 38.5 & 17.0 \\
23.7 & 16.5 & 25.1 & 17.4 & 18.0 \\
37.6 & 19.7 & 21.4 & 28.6 & 21.6 \\
19.3 & 20.0 & 16.9 & 25.2 & 19.8 \\
25.0 & 17.2 & 20.4 & 20.1 & 29.1 \\
19.1 & 25.2 & 23.2 & 25.9 & 24.0 \\
41.7 & 24.0 & 16.8 & 26.8 & 31.4 \\
16.9 & 17.2 & 24.1 & 35.2 & 19.1 \\
22.9 & 18.2 & 25.4 & 35.4 & 25.5
\end{array}\)
find (a) the mean, (b) the median, (c) the mode, and (d) the midrange
ANSWER:Step 1 of 3
In the data given below, the compensations of 50 top paid CEOs are given.
\(\begin{array}{lllll}
17.5 & 18.0 & 36.8 & 31.7 & 31.7 \\
17.3 & 24.3 & 47.7 & 38.5 & 17.0 \\
23.7 & 16.5 & 25.1 & 17.4 & 18.0 \\
37.6 & 19.7 & 21.4 & 28.6 & 21.6 \\
19.3 & 20.0 & 16.9 & 25.2 & 19.8 \\
25.0 & 17.2 & 20.4 & 20.1 & 29.1 \\
19.1 & 25.2 & 23.2 & 25.9 & 24.0 \\
41.7 & 24.0 & 16.8 & 26.8 & 31.4 \\
16.9 & 17.2 & 24.1 & 35.2 & 19.1 \\
22.9 & 18.2 & 25.4 & 35.4 & 25.5
\end{array}\)
Now, let us find the mean
Total count is
