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    Wall Street

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    Niraj Sharma
    The document contains a table listing the percent changes in salaries for the CEOs of 39 industrial firms in 1995 according to the Wall Street Journal's 1995 executive pay survey. The percent changes range from -23.1% to 30.1%.

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    Attribution Non-Commercial (BY-NC)
    Download as DOC, PDF, TXT or read online from Scribd

    Wall Street

    Uploaded by

    Niraj Sharma
    194 views2 pages
    The document contains a table listing the percent changes in salaries for the CEOs of 39 industrial firms in 1995 according to the Wall Street Journal's 1995 executive pay survey. The percent changes range from -23.1% to 30.1%.

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    Case Study

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    The document contains a table listing the percent changes in salaries for the CEOs of 39 industrial firms in 1995 according to the Wall Street Journal's 1995 executive pay survey. The percent changes range from -23.1% to 30.1%.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOC, PDF, TXT or read online from Scribd
    Download as doc, pdf, or txt
    194 views2 pages

    Wall Street

    Uploaded by

    Niraj Sharma
    The document contains a table listing the percent changes in salaries for the CEOs of 39 industrial firms in 1995 according to the Wall Street Journal's 1995 executive pay survey. The percent changes range from -23.1% to 30.1%.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOC, PDF, TXT or read online from Scribd
    Download as doc, pdf, or txt
    of 2

    1.

    The Wall Street journals 1995 executive Pay Survey found the following percent changes in the salaries !ase plus !onus" paid to the chief executive of ficers #$%s" of &9 industrial fir's.

    Company
    ()P (llied Signal (r'strong ,riggs - Stratton ,rowing./erris #S1 #aterpillar #onsolidates /reight #rown #or4 Seal 6eere 6onnelley 7.7." 6un ,radstreet $'erson $lectric $ngelhard /ederal $xpress /luor 8arnischfeger 8illen!rand 9ngersoll.7and :orfol4 Southern %wens.#orning %wens.9llinois PP; 9ndustries Paccar Pentair Pre'ar4 7ayche' 7yder Syste' Sonoco Products Stanley Wor4s Tecu'seh Products Te'ple.9nland Tho'as - ,etts Trinova Tyco <nion Pecific W)1 Technologies Westinghouse =ellow

    Percent Change
    11.* *+ &1.9 .*.9 *9.0 19.1 .+.2 .3*.& .5.5 1+.0 1*.3 9.0 1.& *3.5 5.5 1*.5 1+.9 &.1 *5.& *+.& **.0 .2.5 5.& 10.2 23.1 .&&.5 5.* .&3.1 *2.& .12.9 .&.5 &5.2 *5.0 1&.1 *2.* 0.2 *2.0 30.1 .+.5

    a" What fraction of these chief executives too4 a pay cut in 1995> (ssu'ing that these results are representative of the salary changes for the #$%s of all industrial fir's? find the pro!a!ilities that out of six rando'ly chosen #$%s@ 1" $xactly five saw their pay decrease in 1995. *" (t least five got raises in 1995. &" /ewer than four got raises in 1995. !" #o'pute the 'ean and standard deviation for these thirty.ni ne changes in salaries. c" (ssu'e that the 1995 percent change in salary for the #$%s of all industrial fir' are nor'ally distri!uted with 'ean and standard deviation as calculated in !". /ind the pro!a!ilities that a rando'ly chosen #$% had a pay change in 1995 of@ 1" (t least a *5 percent increase. *" Aess than a 5 percent increase. &" ,etween a 15 percent decrease and a 15 percent increase.

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