A Company Had 80 Employees Whose Salaries Are Summarized in the Frequency

question 9

Multiple Choice

A company had 80 employees whose salaries are summarized in the frequency distribution below. Find the standard deviation. $$\begin{array} { r | c } \text { Salary (dollars) } & \text { Employees } \\\hline 5,001 - 10,000 & 19 \\10,001 - 15,000 & 14 \\15,001 - 20,000 & 12 \\20,001 - 25,000 & 16 \\25,001 - 30,000 & 19\end{array}$$

• A)$7967.5
• B)$7588.1
• C)$8195.1
• D)$8422.8

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Definitions:

Survival Rates

The percentage of individuals or entities that continue to exist after a certain period of time or through specific challenges.

Start-Ups

Newly established businesses often characterized by innovation and aimed at fulfilling a specific market need or niche.

Market Niche

A specialized segment of the market targeted by businesses offering unique products or services to meet specific customer needs.

First-Mover Advantage

The competitive advantage gained by a company that is the first to introduce a new product or service in the market.