IT Graduates Salary the Recent Average Starting Salary for New

question 15

Essay

IT Graduates Salary The recent average starting salary for new college graduates in IT systems is $47,500. Assume salaries are normally distributed with a standard deviation of $4,500. {IT Graduates Salary Narrative} What is the probability of a new graduate getting a starting salary in excess of $55,000?

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Definitions:

Resource

An asset or input used to produce goods and services, such as labor, capital, land, and knowledge.

Nonrenewable Resource

A natural resource that cannot be readily replaced by natural means at a quick enough pace to keep up with consumption.

User Cost

The cost of using a good or service, including the opportunity cost of forgone alternatives and depreciation.

Extracting

The process of removing or obtaining a raw material from a mix, usually by physical, chemical, or mechanical means.