Question 1.55

1.55 Salaries of the chief executives.

According to the May 2013 National Occupational Employment and Wage Estimates for the United States, the median wage was $45.96 per hour and the mean wage was $53.15 per hour.23 What explains the difference between these two measures of center?

1.55

The data is right-skewed, which pulls the mean higher than the median.