Professors at a Local University Earn an Average Salary of $80,000

question 88

Multiple Choice

Professors at a local university earn an average salary of $80,000 with a standard deviation of $6,000.The salary distribution cannot be regarded as bell-shaped.What can be said about the percentage of salaries that are less than $68,000 or more than or more than $92,000?

• A)It is at least 75 percent.
• B)It is at most 75 percent.
• C)It is at least 25 percent.
• D)It is at most 25 percent.

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Definitions:

Intercompany Sales

The internal sale of products or services between related entities within the same corporate structure, aiming to streamline operations and optimize resources.

Effective Tax Rate

The average percentage of their total income that individuals or corporations actually pay in taxes.

Consolidated Statement

Financial reports that aggregate the financial position, results of operations, and cash flows of a parent company and its subsidiaries into one document.

Acquisition Differential

The difference between the fair value of an acquired company's identifiable net assets and the actual cost to purchase that company.