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IT Graduates Salary

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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 top 3% of the salaries?


Definitions:

Distribution Aspects

Features and characteristics of how data points or values are spread across a range for a particular variable.

Frequency

Number of participants in a sample corresponding to a value of a variable.

Simulation

A training method that represents a real-life situation, with trainees making decisions resulting in outcomes that mirror what would happen on the job.

Apprenticeship

A method of instructing a new wave of professionals in a specific trade or profession through practical, on-the-job training complemented by some theoretical study.

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