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

question 81

Multiple Choice

Professors at a local university earn an average salary of $80,000 with a standard deviation of $6,000.Using Chebyshev's inequality,the percentage of salaries falling between $68,000 and $92,000 is at least __________.

• A) 65%
• B) 68%
• C) 75%
• D) 95%

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Definitions:

Performance-Based Pay

A compensation strategy where employees' pay is based on their performance, often measured against predetermined targets or objectives.

Highly Interdependent

a situation or condition where entities are mutually reliant on each other to a great extent.

Team Rewards

Team rewards are incentives given to a group of individuals working together, aimed at fostering collaboration and achieving collective goals.

Employee Preferences

Individual employees' choices or inclinations regarding their work environment, tasks, benefits, and interactions.