Question: The following table exhibits base salary data obtained from a survey of over 170 benchmark positions, including finance positions. It reports the salaries of a sample of 25 chief finance officers for mid-sized firms. Assume the data are in thousands of dollars.
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a. Calculate the mean salary of the CFOs.
b. Based on measures of the center of the data, determine if the CFO salary data are skewed.
c. Construct a box and whisker plot and summarize the characteristics of the CFO salaries that it reveals.