Below are the ages of 21 CEOs. Find the mean, median, and mode. Are there any outliers? Explain.
46, 48, 49, 49, 50, 52, 54, 55, 57, 57, 58, 59, 60, 61, 62, 62, 63, 63, 65, 67, 75
Definitions:
North American Industry Classification System
A classification system that categorizes businesses into detailed sectors and industries, primarily to facilitate economic data analysis and reporting.
NAICS
The North American Industry Classification System; a standard used by federal statistical agencies for classifying business establishments for the purpose of collecting, analyzing, and publishing statistical data related to the U.S. economy.
Industry Definitions
Specific terms and jargon used within a particular sector to describe processes, tools, roles, and standards.
Six-Digit Coding
A reference to standardized codes, such as those in classification systems, that use six digits to categorize detailed information.
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