Exhibit 6-4 The Starting Salaries of Individuals with an MBA Degree Are

question 33

Multiple Choice

Exhibit 6-4
The starting salaries of individuals with an MBA degree are normally distributed with a mean of $40,000 and a standard deviation of $5,000.
-Refer to Exhibit 6-4. What percentage of MBA's will have starting salaries of $34,000 to $46,000?

• A)38.49%
• B)38.59%
• C)50%
• D)76.98%

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Definitions:

Employee Referrals

A recruitment strategy where existing employees recommend potential candidates for open positions within the organization.

Organizational Culture

The set of shared values, beliefs, standards, and behaviors that characterize the members of an organization and define its nature.

Compensation Costs

The total amount of expenses incurred by an employer to pay its employees, including wages, benefits, and taxes.

Outbreeding

The practice of breeding animals or plants that are unrelated to increase genetic diversity, which can lead to healthier offspring.