IT Graduates Salary

question 52

Short Answer

IT Graduates Salary
The recent average starting salary for new college graduates in IT systems is $47,500.Assume salaries are normally distributed with a standard deviation of $4,500. ​ ​
-{IT Graduates Salary Narrative} What is the cutoff for the bottom 5% of the salaries?

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Definitions:

Board Feet

Board feet is a unit of measure for the volume of lumber, calculated as width in inches times length in feet times thickness in inches, divided by 12.

Lumber Grades

The classification of lumber according to its quality and usability for different construction or manufacturing purposes.

Office Expenses

Costs associated with the daily operation of a business office, including supplies, utilities, and equipment maintenance.

Allocation Bases

Criteria or methods used to allocate costs among different departments, products, or activities in an organization.