The Executive Compensation Scoreboard. Each year, Forbes publishes its “Executive Compensation Scoreboard.” For the 2005 scoreboard, data were collected on chief executive officers at the 500 largest U.S. companies and the following variables were measured for each CEO: (1) the type of industry of the CEO’s company (e.g., banking, retailing), (2) the CEO’s total compensation ($ millions) for the year, (3) the CEO’s total compensation ($ millions) over the previous five years, (4) the number of company stock shares (millions) held, (5) the CEO’s age (years), and (6) the CEO’s efficiency rating.
a. Do the data for the 500 CEOs in the 2005 “Executive Compensation Scoreboard” represent a population or sample? Explain.
b. Identify the type (quantitative or qualitative) of each variable measured.
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