CEO Data

Annual Salaries (A$) Highest level of Univ Gender Age

1 $ 75,000 Bachelor M 59
2 $ 78,300 Bachelor M 39
3 $ 78,500 Masters M 64
4 $ 82,000 Masters M 42
5 $ 82,500 Masters F 46
6 $ 84,500 Bachelor M 51
7 $ 85,600 Masters M 51
8 $ 87,000 PhD M 40
9 $ 87,200 PhD M 60
10 $ 87,300 None M 50
11 $ 88,900 Bachelor F 50
12 $ 89,000 Bachelor F 55
13 $ 90,000 Bachelor F 48
14 $ 92,500 PhD M 47
15 $ 93,000 PhD M 37
16 $ 94,200 None M 67
17 $ 95,000 Bachelor M 67
18 $ 96,000 Bachelor F 57
19 $ 98,200 Masters M 35
20 $ 100,000 PhD M 52
21 $ 108,000 Masters M 55
22 $ 109,000 Bachelor M 49
23 $ 112,000 Masters F 49
24 $ 114,000 Bachelor F 45
25 $ 495,000 Bachelor M 70
Questions
a. Calculate the mean, median, first quartile and third quartile of the CEO’s salaries
b. Calculate the range, interquartile range, variance, standard deviation and coefficient of variation of the CE
c. Use the IQR rule to identify the outlier in the CEO’s salaries
d. Explain how the outlier impacts the measures of central tendency and the variation when interpreting the

MEAN MEDIAN 1ST QUARTILE 3RD QUARTILE

$ 108,108 $ 90,000 $ 85,600 $ 98,200

RANGE INTERQUARTILE RANGEVARIANCE STANDARD DEVIATION

$ 420,000 $ 12,600 $ 280,496,151,936 $ 529,619
$ 2,702,700
OUTLIER
$ 495,000

Day Eru
1 55
2 87
3 93
4 54
5 75
6 77
7 34
8 69
9 51
10 29
11 79
12 87
13 80
14 89
15 50
16 24
17 56
18 71
19 49
20 51
efficient of variation of the CEO’s salaries

riation when interpreting the results

COEFFICIENT OF VARIATION
489.90%