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

question 114

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Professors at a local university earn an average salary of $80,000 with a standard deviation of $6,000. The salary distribution is approximately bell-shaped. Because of budget limitations, it has been decided that only those whose salaries are approximately in the bottom 2.5% would get a raise. What is the maximum current salary that qualifies for the raise?


Definitions:

Social Characteristics

Attributes that define the social aspects of an individual or group, including age, race, gender, culture, and social status.

Work Context Characteristics

Features or circumstances surrounding a job that can influence employee behavior and attitudes.

Task Characteristics

The attributes or features of a task, such as complexity, duration, and required skill set, which can affect how it is approached and completed.

Job Derichment

The process of reducing the complexity and diversity of a job, leading to decreased employee motivation and satisfaction. Note: The correct term is likely "Job Enrichment," which has the opposite meaning.

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