For each CEO, a code is listed that corresponds to the industry of the CEOs company. Here

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For each CEO, a code is listed that corresponds to the industry of the CEO€™s company. Here are a few of the codes and the industries to which they correspond:

Industry Code Industry Code Industry Industry Financial services Energy Capital goods Computers/ 1 12 Food/drink/tobacco


A recently hired investment analyst has been assigned to examine the industries and the compensations of the CEOs. To start the analysis, he produces the following histogram of industry codes.


a) What might account for the gaps seen in the histogram?

b) What advice might you give the analyst about the appropriateness of this display?

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Business Statistics

ISBN: 9780321925831

3rd Edition

Authors: Norean Sharpe, Richard Veaux, Paul Velleman

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