The Mean Starting Salary of Recent Business Graduates at a University

question 47

Essay

The mean starting salary of recent business graduates at a university is $52,000 with a standard deviation of $16,000. The distribution of starting salaries is assumed to be symmetric and bell-shaped.
A) What proportion of business graduates has a starting salary between $20,000 and $84,000.
B) Suppose 600 business graduates from this university got hired. How many of them started with a salary between $20,000 and $84,000?

• A) What proportion of business graduates has a starting salary between $20,000 and $84,000.
• B) Suppose 600 business graduates from this university got hired. How many of them started with a salary between $20,000 and $84,000?

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Definitions:

Tracking System

A technology or method used to monitor and record the movement or progress of objects, individuals, or information.

Bottom Line

Refers to the final net income figure on a company's income statement, indicating overall profitability.

Poorly Qualified

Describes an individual who does not meet the necessary skills, education, or experience requirements for a specific position or task.

Motivated Recruits

Individuals who show a high level of enthusiasm and eagerness to learn and work upon joining an organization.