Question

In: Statistics and Probability

Listed below are the top 10 annual salaries​ (in millions of​ dollars) of TV personalities. Find...

Listed below are the top 10 annual salaries​ (in millions of​ dollars) of TV personalities. Find the​ range, variance, and standard deviation for the sample data. Given that these are the top 10​ salaries, do we know anything about the variation of salaries of TV personalities in​ general?

40     38     36     29     17     14     11     10     9.6     8.4

Solutions

Expert Solution

Range :

= Maximum - Minimum

= 40 - 8.4

=31.6

variance? :

standard deviation :

standard deviation = sqrt (168.0911)

= 12.965

Because the sample values are the 10? highest, they give almost no information about the salaries of TV personalities in general .


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