Problem

Best-paid CEOs. Forbes magazine conducts an annual survey of the salaries of chief executi...

Best-paid CEOs. Forbes magazine conducts an annual survey of the salaries of chief executive officers. In addition to salary information, Forbes collects and reports personal data on the CEOs, including their level of education and age. Do most CEOs have advanced degrees, such as master’s degrees or doctorates? The data in the accompanying table (saved in the FORBES40 file) represent the highest degree earned by each of the top 40 best-paid CEOs of 2010. Use a graphical method to summarize the highest degree earned by these CEOs. What is your opinion about whether most CEOs have advanced degrees?

MBA

PhD

Bachelor’s

Bachelor’s

PhD

Bachelor’s

Bachelor’s

MBA

None

Law

Bachelor’s

Bachelor’s

Bachelor’s

MBA

None

Master’s

Bachelor’s

MBA

MBA

MBA

PhD

Bachelor’s

None

None

Bachelor’s

MBA

MBA

MBA

Masters

Bachelor’s

Law

Bachelor’s

MBA

MBA

None

Bachelor’s

Bachelor’s

None

Law

Master’s

Based on “40 highest-paid CEOs of 2010” from “What the boss makes: CEO compensation.” Forbes, April 28, 2010.

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