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The following data show the yearly salaries of a sample of EMBA 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.
Economic Development
The process by which the economic well-being and quality of life of a nation, region, or local community are improved, typically measured by increases in per capita income, employment, and other indicators of economic health.
Privatization
The process of transferring ownership of a business, enterprise, agency, public service, or public property from the government to private individuals or organizations.
Export Promotion
Strategies and policies aimed at encouraging the export of goods and services in order to improve a country’s trade balance and foster economic growth.
Infant Industries
New or emerging sectors or businesses that may not yet be competitive on a global scale and are often protected or supported by government policies until they can compete internationally.
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