SOLUTION: Which statistic would this company’s labor union representative be most likely to cite during contract negotiations and why? Which statistic would the company president most likely
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Question 1048454: Which statistic would this company’s labor union representative be most likely to cite during contract negotiations and why? Which statistic would the company president most likely report at the annual shareholders’ meeting and why Answer by Boreal(15235) (Show Source):
You can put this solution on YOUR website! The union would cite the median salary, because that is less influenced by the large salary of the executives.
The executives would cite the mean salary, because that is influenced by high salaries and would look larger.
The unions have an interest in saying the salaries are too low; the executives have an interest in saying they are high.
