The Average Starting Salary for Graduates at a University Is

question 52

Multiple Choice

The average starting salary for graduates at a university is $33,000 with a standard deviation of $2,000. If a histogram of the data shows that it takes on a mound shape,the empirical rule says that approximately 95% of the graduates would have a starting salary between _______.

• A) 29,000 and 37,000
• B) 27,000 and 39,000
• C) 25,000 and 41,000
• D) 29,000 and 37,000.
• E) 21,000 and 29,000

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Definitions:

Salvage Value

The estimated residual value of an asset at the end of its useful life, important for calculating depreciation.

Discount Rate

The interest rate used in discounted cash flow analysis to determine the present value of future cash flows or to evaluate the attractiveness of an investment.

Incremental Cost Approach

A decision-making process that focuses on the changes in total cost resulting from a specific business decision, considering only the relevant costs and benefits that differ between alternatives.

Operating Costs

Expenses associated with running a business's core activities on a day-to-day basis, such as salaries, rent, and utilities.