Six Graduates from Fulsome University's Master's of Waste Management Program

question 21

Essay

Six graduates from Fulsome University's Master's of Waste Management program were hired by a Saudi Arabian firm at $110,000 each, while the other four graduates were unemployed. The university placement office bragged, "Our MWM graduates enjoyed a median starting salary of $110,000." Is this a reasonable assessment of central tendency? What are the alternatives?

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Definitions:

Income Inequality

The uneven distribution of income within a population, leading to disparities in wealth and living standards.

Taxes And Transfers

Taxes and transfers involve government activities related to collecting revenues through various forms of taxation and redistributing income through welfare programs and other transfers to support social objectives.

Taxes

Mandatory financial charges imposed by governments on individuals, businesses, or transactions to fund public expenditure.