The Mean Starting Salary of Recent Business Graduates at a University

question 55

Essay

The mean starting salary of recent business graduates at a university is $52,000 with a standard deviation of $16,000. The distribution of starting salaries is unknown.
A) What proportion of business graduates has a starting salary between $20,000 and $84,000?
B) Suppose 600 business graduates from this university got hired. How many of them started with a salary between $20,000 and $84,000?

• A) What proportion of business graduates has a starting salary between $20,000 and $84,000?
• B) Suppose 600 business graduates from this university got hired. How many of them started with a salary between $20,000 and $84,000?

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Definitions:

Personal Recommendations

Advice or suggestions provided by an individual based on their personal opinions, experience, or expertise.

Internal Recruitment

The process of filling job vacancies within an organization by considering current employees for promotion or transfer to the new position.

Managers' Recommendations

Advice or suggestions provided by managers, usually aimed at improving performance, processes, or decision-making within an organization.

Recruiting Websites

Online platforms or services that facilitate the matching of employers with potential employees.