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.
Base Salary Basics. If you receive a job offer with an annual base salary of $48,000, that amount is distributed to you over the year in periodic installments. If your company makes monthly payroll distributions, for instance, you receive $4,000 in gross pay with every installment.