The Following Table Shows the Starting Salaries of a Sample

question 37

Short Answer

The following table shows the starting salaries of a sample of recent business graduates.
$$\begin{array} { c c } \text { Income In } \$1,000s & \text { Number af Graduate } \\15 - 19 & 40 \\20 - 24 & 60 \\25 - 29 & 80 \\30 - 34 & 18 \\35 - 39 & 2\end{array}$$
a. What percentage of graduates in the sample had starting salaries of at least $30,000?
b. Of the graduates in the sample, what percentage had starting salaries of less than $25,000?
c. Based on this sample, what percentage of all business graduates do you estimate to have starting salaries of at least $20,000?

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Definitions:

Altruistic Behavior

Actions taken to benefit others without expectation of reward or recognition, often at a cost to oneself.

Superordinate Goals

Superordinate goals are overarching objectives that can only be achieved by the cooperation of two or more individuals or groups, helping to reduce conflict by aligning interests.

Interracial Cooperative

Activities or initiatives that involve collaboration between people of different racial backgrounds, aimed at enhancing mutual understanding and social cohesion.

Ingroup/Outgroup Conflict

Refers to the tension and conflict that arises between groups (ingroups, or groups we belong to, and outgroups, or those we do not belong to) based on identification and loyalty.