Descriptives

The descriptives table contains a number of statistics and bootstrap confidence intervals for those statistics. The bootstrap confidence interval for the mean (86.39, 105.20) is similar to the parametric confidence interval (86.42, 105.30) and suggests that the "typical" employee has roughly 7-9 years of previous experience. However, Previous Experience (months) has a skewed distribution, which makes the mean a less desirable indicator of “typical” current salary than the median. The bootstrap confidence interval for the median (50.00, 60.00) is both narrower and lower in value than the confidence interval for the mean, and suggests that the "typical" employee has roughly 4-5 years of previous experience. Using bootstrapping has made it possible to obtain a range of values that better represent typical previous experience.