Salaries of Employees the Following Data Represent the Yearly Salaries

question 170

Essay

Salaries of Employees The following data represent the yearly salaries (in thousands of dollars)of a sample of 13 employees of a firm: 26.5, 23.5, 29.7, 24.8, 21.1, 24.3, 20.4, 22.7, 27.2, 23.7, 24.1, 24.8, and 28.2. {Salaries of Employees Narrative} Compare the mean salary with the median salary and use them to describe the shape of the distribution.

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Definitions:

Stock Dividend

A payment made to shareholders in the form of additional shares in the company, rather than cash.

Cash Dividend

A direct payment of profits made by a company to its shareholders, usually in cash.

Retained Earnings

The portion of a company's profit that is held or retained and saved for future use, investment, or to pay debt, rather than being distributed to shareholders as dividends.

After-tax Earnings

The net income a company generates after all taxes have been deducted from total revenue.