How Large Must a Person's Salary Should Be to Qualify

question 3

Essay

How large must a person's salary should be to qualify as an outlier on the high side? How many outliers are there in these data?

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Definitions:

Regulatory Policies

Rules or directives made and maintained by an authority to regulate behavior, typically in industries to ensure fairness, safety, and standardization.

Federal Emissions Standards

Regulations enacted by the government to limit the amount of pollutants released into the environment by vehicles and industrial plants.

Health and Safety Regulations

Laws and guidelines designed to ensure the physical well-being of employees in the workplace, minimizing risks and hazards.

CPI (Consumer Price Index)

A measurement that examines the weighted average of prices of a basket of consumer goods and services, usually used to estimate inflation.