The Dot Plot Below Shows the Annual Salaries, in Thousands

question 32

Multiple Choice

The dot plot below shows the annual salaries, in thousands of dollars, of a sample of non-management staff who work for a small banking company. Which of the following statistics would be the most reasonable estimate of the typical annual salary?

• A)mean
• B)mode
• C)median
• D)interquartile range
• E)range

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Definitions:

Interest Rate

The rate, represented as a fraction of the total loan, charged by a credit provider to a loan recipient for borrowing funds or assets.

Transactions

The action of conducting business, trade, or an exchange between two or more parties, often involving financial operations.

Reserve Ratio

The reserve ratio is the fraction of depositors' balances banks must have on hand as cash, a regulatory requirement set by central banks.

National Charters

Official permissions granted by a government allowing the creation or operation of national banks and defining their powers.