Crunch the Numbers! Comparison of Pay within and Across Industries An additional Crunch the Numbers! exercise can be found on mymanagementlab.com. As a newly hired compensation analyst, you have been asked to conduct analyses to determine differences in pay for similar jobs between two industries, the ratio of pay for similar jobs within two industries, and the ratio of pay for different jobs within an industry. The data represent annual base wages and exclude incentives or employee benefits. These data were extracted from the U.S. Bureau of Labor Statistics Occupational Employment Statistics Query System (www.bls.gov) for May, 2014 KP school status report.pdf Oil and Gas Extraction Annual median wage Industr Retail Annual median wage Occupation Chief Executives Human Resources Managers Accountants and Auditors File Clerks 187,199 I 18,730 71,780 30,700 180,360 95,020 64.920 23,430 Questions: 11-8. By what percent does annual median pay differ between the oil and gas extraction industry and the retail trade industry for (a) chief executives, (b) human resources managers, (c) accountants and auditors, and (d) file clerks? 11-9. In the oil and gas extraction industry relative to the retail trade industry, what are the pay ratios between (a) chief executives, (b) human resources managers, (c) accountants and auditors, and (d) file clerks, respectively? 11-10. In the oil and gas extraction industry, what are the pay ratios for the chief executives job to (a) human resources managers, (b) accountants and auditors, and (c) file clerks? In the retail trade industry, what is the ratio of pay for chief executives to (d) human resources managers, (e) accountants and auditors, and (f) file clerks, respectively