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.
In calculating the high-three, use basic salary only, with basic salary defined as compensation from which retirement deductions are taken â this would omit overtime, incentive awards, etc but would include locality pay. Also, each ending date for a salary is treated as starting date for the next salary.n calculating the high-three, use basic salary only, with basic salary defined as compensation from which retirement deductions are taken â this would omit overtime, incentive awards, etc but would include locality pay. Also, each ending date for a salary is treated as starting date for the next salary.