Someone has two job offers and must decide which to accept. The job in City A pays $47,000 and the average cost of living there is $65,000, with a standard deviation of $15,000. The job in City B pays $70,000, but the average cost of living there is $85,000, with a standard deviation of $20,000. Assuming salaries are normally distributed, which is the better job offer? Why?
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