Getting some more: Statistics
Getting Executive Compensation
00:00
Understanding Average Salaries, Percentiles, and Skewness
This chapter introduces the concept of average salaries and explains the difference between median and mean averages. It also discusses the calculation of percentiles and the influence of extreme data points on the mean. Additionally, it explores the concepts of upper quartile and upper decile and concludes with the inclusion of bonuses in the sample.
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Transcript
