Question

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

Answer 1

Answer:

Outliers are more likely to occur in the ages of head of companies than in the salaries of heads of companies.

Explanation:

An outlier is a data point that differs significantly from other observation, it is refer to as an extreme value, compare to other values.

Outliers are more likely to occur in the ages of head of companies than in their salaries because the ages of heads of companies varies, as that is determine by appointment or by efficiency , so anyone of any age that meet the required criteria can assume the position, one can find a youth of 25 as the head of a company or a man in his late 60s as the head of a company.

As for the salaries, it varies as well, but the difference in salaries when compared can not be very wide apart.