The Mean Starting Salary of Recent Business Graduates at a University

question 47

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 assumed to be symmetric and bell-shaped.
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?

Understand the consolidation process including the elimination of intra-entity transactions.

Analyze the impact of intra-entity sales of inventory on consolidated financial statements.

Evaluate the treatment and effects of intra-entity asset transfers other than inventory.

Interpret the effects of intra-entity sales on subsidiary income and dividends.

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