The Following Data Show the Yearly Salaries of a Sample

question 49

Short Answer

The following data show the yearly salaries of a sample of EMBA graduates.
$\begin{array}{cc}\text { EMBA Student }&\text { Salary in } \$ 1,000)\\\mathrm{A} & 88 \\\mathrm{~B} & 97 \\\mathrm{C} & 90 \\\mathrm{D} & 110 \\\mathrm{E} & 114 \\\mathrm{~F} & 98 \\\mathrm{G} & 92 \\\mathrm{H} & 95\end{array}$
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:

Inventory Turnover

A measure of how often a company's inventory is sold and replaced over a certain period of time, indicating efficiency in inventory management.

Asset Turnover

A financial ratio that measures the efficiency of a company's use of its assets in generating sales revenue.

Generate Sales

The process of creating revenue through the marketing and selling of goods or services.

Accounts Receivable Turnover

A financial metric indicating how efficiently a company collects on the credit it extends to customers by measuring the number of times average accounts receivable are collected during a period.