The following data show the yearly salaries of a sample of EMBA graduates.
a.Compute the mean yearly salary and give your answer in dollars.
b.Compute the standard deviation and give your answer in dollars.
c.Compute the 75th percentile and give your answer in dollars.Fully explain what the value that you have determined indicates.
Definitions:
Free Trade
International trade left to its natural course without tariffs, quotas, or other restrictions.
Low Tax Rates
A situation in which the percentage at which an individual or corporation is taxed is lower than the typical or average rate.
Special-Interest Effect
The phenomenon where policies or regulations are influenced primarily by a small, vocal group acting in its own interest, rather than the broader public interest.
Private-Sector Provision
Goods and services provided by businesses and private individuals rather than the government, often driven by profit.
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