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The Bureau of Labor Statistics (BLS) collects data regarding occupational employment and wage estimates in the United States. The stem-and-leaf plot below represents the annual
The Bureau of Labor Statistics (BLS) collects data regarding occupational employment and wage estimates in the United States. The stem-and-leaf plot below represents the annual wage estimates, in thousands of dollars, for 15 select business occupations in May 2014. 7 8 9 6 0 2 3 5 5 9 7 3 7 8 7 Leaf Unit = $1000 Identify all of the true statements regarding the given data. The modal class is 60 to 70 thousand dollars, with six occupations having salaries in that class. The annual wage of $97,000 was the largest wage estimate for business occupations in May 2014. The modal annual wage estimate was $63,000 per year for these 15 business occupations. The median annual wage estimate was $65,000 per year for these 15 business occupations. The shape of the distribution is skewed to the left. Incorrect Occupational Employment Statistics. Bureau of Labor Statistics [Online] 2014. http://www.bis.govews.release/pdflocwage.pdf (accessed June 19, 2015)
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