An accountant is trying to explain to her boss how taking the base-10 logarithm of the commission
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An accountant is trying to explain to her boss how taking the base-10 logarithm of the commission earned by the sales executives shown in the company’s database will affect the data. As simple, example values she compares the commissions earned by three sales executives, Alan, Billy, and Catty who earned the following commissions: $1,000,
$10,000, and $100,000, respectively. Why might the average of these values be a misleading summary? What would the logarithms of these three values be?
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Related Book For
Business Statistics
ISBN: 9781292269313
4th Global Edition
Authors: Norean Sharpe, Richard De Veaux, Paul Velleman
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