The Following Data Show the Yearly Salaries of Football Coaches

question 85

Essay

The following data show the yearly salaries of football coaches at some state supported universities. $\begin{array}{ll}\text { Univer sity } & \text { Salary } \\ & \text { (in } \mathbf{1 , 0 0 0}) \\\mathrm{A} & 44 \\\mathrm{C} & 68 \\\mathrm{D} & 47 \\\text { E } & 62 \\\mathrm{~F} & 59 \\\mathrm{G} & 53 \\\mathrm{H} & 94\end{array}$ For the above sample, determine the following measures.
a.
The mean yearly salary
b.
The standard deviation
c.
The mode
d.
The median
e.
The 70th percentile

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Definitions:

Quantity Demanded

The combined measure of a good or service that purchasers are eager and able to acquire at a predetermined price.

Buyer's Preferences

The individual tastes or desires that influence a consumer's purchasing decisions and the allocation of their budget across various goods and services.

Rational Consumer

An economic concept of a consumer who consistently seeks to maximize utility or satisfaction from goods and services within their budget constraint.

Utility

A measure of satisfaction, usefulness, or value that an individual receives from consuming a good or service.