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.
The 2014 average base salary is $43,576 - 57.4% of total compensation. The remaining components (mandated benefits, insurance, and paid time off) are valued on average at $29,653 or 42.6% of total compensation-an. annual total compensation amount of $73,229.