A College Placement Office Conducted a Survey of 100 Engineers

question 128

Multiple Choice

A college placement office conducted a survey of 100 engineers who had graduated from Stanford University. For these engineers, the mean salary was computed to be $72,000 with a standard deviation of $8,000. The percentage of these engineers who earn more than $96,000 or less than $48,000 is:

• A) approximately 0%
• B) at least 5.6% (1/18 of the engineers)
• C) at most 5.6% (1/18 of the engineers)
• D) at most 11.1% (1/9 of the engineers)
• E) at least 11.1% (1/9 of the engineers)

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Definitions:

Rational Ethics

A branch of ethics focused on determining right and wrong actions based on reasoning and logical analysis rather than on emotions or social customs.

Philosophical Theory

A set of ideas or principles that form the basis of a philosophical system, addressing fundamental questions about life, the universe, and everything.

Human Reason

The faculty of the mind which forms the basis for logical thought, understanding, and decision-making.

Neoliberalism

Neoliberalism is an economic and political ideology that emphasizes free-market capitalism, deregulation, and reduction in government spending.