00:01
This question shows us a table of the highest paid ceos and asks us to find, first, the mean.
00:09
We know that the mean, x bar, is equal to the sum of all the x's divided by the total number of data points.
00:17
Here, we know that we have 10 data points, and when we add up all our data, using a calculator, or even by hand, we'll get that the sum of the x's is equal to 329 .8.
00:30
And remember, that's in millions of dollars.
00:34
So all we have to do now is just a little bit of division.
00:37
We have $329 .8 million divided by $10.
00:43
And we'll get that the mean salary for the top 10 highest paid ceos is $32 .98 million.
00:56
The next part wants us to find the median.
00:59
Now we know that when n is equal to 10, the median is going to be the middle of entries number five and six...