Recently, a University Surveyed Recent Graduates of the English Department

question 56

Multiple Choice

Recently, a university surveyed recent graduates of the English Department for their starting
Salaries. Four hundred graduates returned the survey. The average salary was $55,000 with a
Standard deviation of $2,500.
What is the best point estimate of the population mean?

• A) $55,000
• B) $52,500
• C) 400
• D) $62.5

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Definitions:

Egoism

Egoism is the ethical stance that treats self-interest as the foundation of morality.

Ethical Egoism

The ethical theory that individuals should act in their own self-interest and that this serves the common good.

Reason

The mental capacity of an individual to consciously make sense of things, establish and verify facts, and change or justify practices based on new or existing information.

Morality

Rules that differentiate between what is considered morally correct and incorrect conduct.