Statistics is the science of collecting and analyzing numerical data gathered from a representative sample in order to infer the true mean or proportion of a population. The x-bar_ is the symbol (or expression) used for the sample mean statistics.
Base salary is a fixed amount of money paid to an employee by an employer in return for work performed. Base salary does not include benefits, bonuses or any other potential compensation from an employer.
Basic Salary is the base for calculation of any salary structure. Once Basic pay is fixed, allowances such as Dearness Allowance, House Rent Allowance, Special Pay/ Allowances etc shall be fixed as a percentage of such Basic Pay.mployees whose Gross Salary is Rs.10000 or less than Rs.10000 P.M is entitled for having ESI as a part of salary structure. Also you can include Medical Reimbursement Component in the salary structure which is Rs. 15000 annually. You can also include Fringe Benefit components in the salary structure.