Dr. X, President of Y University, gathered data from the journal "Academe" regarding the average annual salaries of full professors at 160 universities. This information was collected in response to criticism from the Y university faculty union that salaries, particularly at the professor level, were low compared with those other universities. The raw data were presented in Table 1. Summarize the result and explain the meaning of these measures. Include in your report the various measures of central tendency and standard deviation.

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Answer the following.

1. Dr. X, President of Y University, gathered data from the journal "Academe" regarding the
average annual salaries of full professors at 160 universities. This information was collected in
response to criticism from the Y university faculty union that salaries, particularly at the
professor level, were low compared with those other universities. The raw data were presented
in Table 1. Summarize the result and explain the meaning of these measures. Include in your
report the various measures of central tendency and standard deviation.
Transcribed Image Text:1. Dr. X, President of Y University, gathered data from the journal "Academe" regarding the average annual salaries of full professors at 160 universities. This information was collected in response to criticism from the Y university faculty union that salaries, particularly at the professor level, were low compared with those other universities. The raw data were presented in Table 1. Summarize the result and explain the meaning of these measures. Include in your report the various measures of central tendency and standard deviation.
Table 1
Professor's Salary at 160 Universities (Pesos)
26,000
61,800
70,200
28,000
62,000
72,200
28,100
62,200
72,600
39,100 43,300 44,800 59,700 52,200
39,600 47,200 49,800 53,200 58,400
39,600 43,600 45,100 53,300 52,400
39,700 47,400 49,900
40,200 43,800 45,200
30,600 45,200 47,600 50,000
40,200 43,900 55,300
29,700
53,800 59,100
62,300 72,800
30,500
53,900
52,700
63,200
73,100
54,000 59,200
63,300
73,400
32,300
54,700
52,800
63,400
74,800
33,000
45,300 48,000
50,000
54,700 59,600
63,500
75,800
34,300
40,700
43,900
55,500
55,100
53,100
64,000
75,900
34,700 45,400
48,500
50,100 57,200
60,000
64,500
76,400
60,200 64,800
76,800
60,500 65,000
77,900
35,500 41,200 44,200 56,100 50,800
35,800 45,600 48,700 50,200 57,500
36,000 41,300 44,400 56,100 51,200
37,000 45,800 49,200 50,200 57,700 60,800 65,700 79,200
44,600 56,700
60,700 65,300
77,900
37,000
41,400
52,000
61,100
66,300
82,600
37,100
46,100 49,200
50,500
57,800
61,200 66,400
84,200
37,500
41,900
44,800 56,900
52,100 61,500
67,000
90,200
37,800
46,400
49,200
50,600
57,900
61,500
69,200
91,200
37,900
43,100 44,800
57,100
52,100
61,700 70,100
93,300
39,100
47,100 49,500 50,700
58,300 61,800
70,100
96,500
Transcribed Image Text:Table 1 Professor's Salary at 160 Universities (Pesos) 26,000 61,800 70,200 28,000 62,000 72,200 28,100 62,200 72,600 39,100 43,300 44,800 59,700 52,200 39,600 47,200 49,800 53,200 58,400 39,600 43,600 45,100 53,300 52,400 39,700 47,400 49,900 40,200 43,800 45,200 30,600 45,200 47,600 50,000 40,200 43,900 55,300 29,700 53,800 59,100 62,300 72,800 30,500 53,900 52,700 63,200 73,100 54,000 59,200 63,300 73,400 32,300 54,700 52,800 63,400 74,800 33,000 45,300 48,000 50,000 54,700 59,600 63,500 75,800 34,300 40,700 43,900 55,500 55,100 53,100 64,000 75,900 34,700 45,400 48,500 50,100 57,200 60,000 64,500 76,400 60,200 64,800 76,800 60,500 65,000 77,900 35,500 41,200 44,200 56,100 50,800 35,800 45,600 48,700 50,200 57,500 36,000 41,300 44,400 56,100 51,200 37,000 45,800 49,200 50,200 57,700 60,800 65,700 79,200 44,600 56,700 60,700 65,300 77,900 37,000 41,400 52,000 61,100 66,300 82,600 37,100 46,100 49,200 50,500 57,800 61,200 66,400 84,200 37,500 41,900 44,800 56,900 52,100 61,500 67,000 90,200 37,800 46,400 49,200 50,600 57,900 61,500 69,200 91,200 37,900 43,100 44,800 57,100 52,100 61,700 70,100 93,300 39,100 47,100 49,500 50,700 58,300 61,800 70,100 96,500
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