The Following Data Show the Yearly Salaries of a Sample

question 14

Short Answer

The following data show the yearly salaries of a sample of MBA graduates.
$\begin{array}{cc}\text { MBA Student }&\text { Salary in } \$ 1,000)\\\mathrm{A} & 78 \\\mathrm{~B} & 87 \\\mathrm{C} & 80 \\\mathrm{D} & 100 \\\mathrm{E} & 104 \\\mathrm{~F} & 88 \\\mathrm{G} & 82 \\\mathrm{H} & 85\end{array}$
a. Compute the mean yearly salary and give your answer in dollars.
b. Compute the standard deviation and give your answer in dollars.
c. Compute the 75th percentile and give your answer in dollars. Fully explain what the value that you have determined indicates.

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Definitions:

Gastropods

A large class of mollusks that include snails and slugs, characterized by a single shell (though some are shell-less) and a muscular foot for locomotion.

Ingest Food

The act of consuming food by mouth, initiating the process of digestion.

Sexual Reproduction

A biological process where two cells from different individuals unite to produce the first cell of a new organism.

Embryo Development

The process by which an embryo forms and develops, from fertilization to the fetus stage.