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A government report on remuneration for university
administrators in Canada lists average salaries for various
executive roles. The total annual salary for university presidents
is listed as $500,000. To test this reported figure, at LOC = 95%,
a random sample of 16 Canadian university presidents’ total annual
salaries was collected. The raw data is below (in $/year):
618,000, 464,000, 686,000, 500,000, 746,000, 704,000, 596,000,...