The following data show the yearly salaries of a sample of MBA graduates. 
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.
Definitions:
Total Inventory Value
The total cost of all items held in inventory by a business, calculated at a specific point in time.
Net Realizable Value
The projected price at which goods are sold, minus the expenses associated with their sale or disposal.
Gross Profit
The profit a company makes after subtracting the costs associated with making and selling its products, or the costs associated with providing its services.
LIFO
"Last In, First Out," an inventory costing method where the last items purchased are the first ones sold, affecting the cost of goods sold and ending inventory valuation.
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