The manager of a bank with 50,000 customers commissions a survey to gauge customer views on internet banking, which would incur lower bank fees. In the survey, 28% of the 350 customers say they are interested in internet banking. i. What is the population of interest?

ii. What is the sample? [1] iii. Is the value 28% a parameter or a statistic?

[1] b. The compensation received by the highest-paid executives of 12 international companies (in $'000) is as follows: 820 2215 803 850 856 801 899 846 902 856 911 947 i

. Find the mean and the median compensation of the executives. [2] ii.

Comment on the skewness of the distribution of the executives' compensations