Find the mean and median for the ages of CEOs of the 50 highest-paid CEOs of Fortune top 500 companies listed in given Exercise and in the ceodata08 dataset on the companion website. Is the relationship between them what you would typically expect for data with the shape of this dataset? Explain.
Exercise
companies in the United States (Data source: https://www.forbes.com/ lists/2009/12/best-boss-09_CEO-Compensation_ CompTotDisp.html). These data are part of the ceodata08 dataset on the companion website.
42, 47, 48, 49, 49, 50, 50, 50, 50, 51, 51, 51, 52, 54, 54, 55, 55, 55, 55, 56, 57, 57, 57, 57, 57, 58, 58, 59, 59, 60, 60, 60, 61, 61, 62, 62, 62, 62, 62, 63, 63, 64, 64, 64, 64, 67, 67, 69, 74, 78
a. Create a histogram for these ages.
b. Create a stem-and-leaf plot for these ages.
c. Create a dotplot for these ages.
d. Describe the shape of this dataset.
e. Are there any outliers in this dataset?
f. In general, do you think that outliers would be more likely to occur in the salaries of heads of companies or in the ages of heads of companies? Explain.