The Average Starting Salary of This Year's Vocational School Graduates

question 116

Essay

The average starting salary of this year's vocational school graduates is $35,000 with a standard deviation of $5,000. Furthermore, it is known that the starting salaries are normally distributed. What are the minimum and the maximum starting salaries of the middle 95% of the graduates?

---

Definitions:

General Journal

A primary accounting record used to record all types of transactions in chronological order before they are posted to individual accounts.

Unearned Items

Revenues received by a company for which the goods or services have not yet been provided or completed.

General Journal

An accounting ledger where all types of transactions are initially recorded.

General Journal

A primary accounting record used to record all types of transactions before they are posted to specific accounts in the general ledger.