Use the Following Information to Answer the Question

question 36

Essay

Use the following information to answer the question. Data and summary statistics about college professor's salaries was gathered from nine institutions and is presented below. This salary information is from professors teaching at the Master's level.
Men: x = 67691; s = 14506 Women: x = 65323; s = 13274
-Suppose a female professor is offered a position with an annual salary of $80,000. Compared to the women from the nine institutions in the study, would this be an unusually good salary? Explain.

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Definitions:

Consumption Tax

A tax on the purchase of goods and services, levied at the point of sale.

Income Tax

A tax levied by governments on the income generated by businesses and individuals within their jurisdiction.

Household Spending

The total expenditure by households in an economy on consumption-related items over a certain period.

Means-Testing

The procedure to determine eligibility for government assistance or services based on the applicant's financial means or income level.