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

question 43

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 at least $74,000?

• A) It is about 68%.
• B) It is about 84%.
• C) It is about 95%.
• D) It is about 97.5%.

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Definitions:

Broadly Defined

Describing concepts or categories in a wide and inclusive manner, often lacking in specific detail.

Decentralized

A system or organization where decision-making powers are distributed among various levels rather than being concentrated at a central point.

Hierarchy

The arrangement of individuals within a system or organization according to power, status, or authority, often depicted as a pyramid structure.

Mechanistic Organization

A form of organization characterized by a clear, rigid structure, a strict hierarchy, and a focus on efficiency and predictability.