Professors at a Local University Earn an Average Salary of $80,000

question 142

Multiple Choice

Professors at a local university earn an average salary of $80,000 with a standard deviation of $6,000. The salary distribution is approximately bell-shaped. What can be said about the percentage of salaries that are less than $68,000 or more than $92,000?

• A) It is about 5%.
• B) It is about 32%.
• C) It is about 68%.
• D) It is about 95%.

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Definitions:

Carrying Value

The book value of an asset on a company’s balance sheet, calculated as its original cost minus accumulated depreciation or amortization.

Voting Shares

Another term for voting equity interests, specifically referring to shares that allow the shareholder to vote on corporate decisions.

Non-Operating Sources

Revenue or income that arises from activities not related to a company’s core business operations.

Discontinued Operations

Parts of a company's core business or product lines that have been sold, disposed of, or discontinued.