The following data show the yearly salaries of football coaches at some state supported universities.
For the above sample,determine the following measures.
a.The mean yearly salary
b.The standard deviation
c.The mode
d.The median
e.The 70th percentile
Definitions:
Speed and Cost
Considerations in decision-making, focusing on how quickly actions can be taken and the expenses involved.
Private Trial
An ADR method in which a referee is selected and paid by the disputing parties to offer a legally binding judgment in a dispute.
"Rent-a-Judge"
A private adjudication service where parties in a dispute pay for a retired judge or private arbitrator to resolve their case outside of the public court system.
Dispute Resolution
The procedure for resolving disagreements or conflicts between parties, which can include negotiation, mediation, or arbitration.
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