Description: Small companies were defined as those with annual sales greater than five and less than $350 million. Companies were ranked according to 5-year average return on investment. This data covers the first 60 ranked firms.
Reference: Forbes, November 8, 1993, "America's Best Small Companies,".
[Outlier , Histogram , Mean , Median , Boxplot , Distribution]
Age of chief executive officer
Salary of chief executive officer (including bonuses), $thousands
Simple linear regression results:
Dependent Variable: SAL
Independent Variable: AGE
SAL = 242.70212 + 3.1327114 AGE
Sample size: 59
R (correlation coefficient) = 0.1276
R-sq = 0.016270384
Estimate of error standard deviation: 220.64246
Analysis of variance table for regression model:
Residuals stored in new column, Residuals.
Fitted values stored in new column, Fitted Values.