The Starting Salaries of a Sample of College Students Are

question 99

Short Answer

The starting salaries of a sample of college students are given below.
$\begin{array}{cc}\text { Starting Salary }\\\text { In } \mathbf{\$ 1 , 0 0 0 )} & \text { Frequency } \\20-24 & 1 \\25-29 & 3 \\30-34 & 7 \\35-39 & 6 \\40-44 & 2 \\45-49 & 1\end{array}$
a. Compute the mean.
b. Compute the variance.
c. Compute the standard deviation.
d. Compute the coefficient of variation.

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Definitions:

Wholesaler

A type of business that purchases goods in large quantities from manufacturers or importers and sells them to retailers, other wholesalers, or occasionally to final consumers.

Intermediary

A person or organization that acts as a mediator or agent between parties, especially in a business or financial transaction.

Ownership

The legal right to possess, use, and dispose of something; often refers to the possession of assets.

Retailer

A business or entity that sells goods or commodities directly to consumers, usually in small quantities and from a fixed location, storefront, or online platform.