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.
Your Basic Salary is the amount you earn before any additional benefits such as medical aid, pension, and allowances are added to your salary. Your basic salary is the section of your salary that is fixed every month and would not include any bonuses or 13th cheque.Cost to Company: This is a term used to calculate the total cost to the Company to employ you, in other words all the costs associated with your employment contract.our net salary is just that, itâs the amount you take home after all your deductions. Tax: If you are a salary earner you are well aware that a certain amount of money is deducted every month for PAYE (Pay As You Earn). PAYE is levied on your basic salary and your fringe benefits.