Two large corporations, A and B, hire many new college graduates as accountants at entry-level positions....
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Two large corporations, A and B, hire many new college graduates as accountants at entry-level positions. In 2009 the starting salary for an entry-level accountant position was $36,000 a year at both corporations. At each corporation, data were collected from 30 employees who were hired in 2009 as entry-level accountants and were still employed at the corporation five years later. The yearly salaries of the 60 employees in 2014 are summarized in the boxplots below. Corporation A Corporation B $30 $40 $50 $60 $70 S80 Yearly Salary (thousands) a) Write a few sentences comparing the distribution of the yearly salaries at the two corporations. b) Suppose both corporations offered you a job for $36,000 a year as an entry-level accountant. i) Based on the boxplots, give one reason why you might choose to accept the job at corporation A. ii) Based on the boxplots, give one reason why you might choose to accept the job at corporation B. Two large corporations, A and B, hire many new college graduates as accountants at entry-level positions. In 2009 the starting salary for an entry-level accountant position was $36,000 a year at both corporations. At each corporation, data were collected from 30 employees who were hired in 2009 as entry-level accountants and were still employed at the corporation five years later. The yearly salaries of the 60 employees in 2014 are summarized in the boxplots below. Corporation A Corporation B $30 $40 $50 $60 $70 S80 Yearly Salary (thousands) a) Write a few sentences comparing the distribution of the yearly salaries at the two corporations. b) Suppose both corporations offered you a job for $36,000 a year as an entry-level accountant. i) Based on the boxplots, give one reason why you might choose to accept the job at corporation A. ii) Based on the boxplots, give one reason why you might choose to accept the job at corporation B.
Expert Answer:
Answer rating: 100% (QA)
a Analysis of the diagram Particulars Salary Received Approximate Percentage A B 25 of employees 360... View the full answer
Related Book For
Microeconomics
ISBN: 9781464146978
1st edition
Authors: Austan Goolsbee, Steven Levitt, Chad Syverson
Posted Date:
Students also viewed these accounting questions
-
Corporations A and B are formed to purchase property and lease it to end users C and D. Required In each of these independent cases, indicate whether A and B are variable interest entities and, if...
-
A large college was interested in the salaries of graduates from its business and computer studies programs. The college randomly selected a number of graduates from each program, and then matched...
-
Many college graduates feel as if their student loan payments drag on forever. Suppose that the government offers the following arrangement: It will pay for your college in its entirety, and in...
-
1. Find the probability of obtaining between 40 and 60 heads when tossing a coin 100 times. 2. Find the probability of obtaining 6s between 20 and 40 times when rolling a die 200 times.
-
The absolute pressure in water at a depth of 9 m is read to be 185 kPa. Determine (a) The local atmospheric pressure, and (b) The absolute pressure at a depth of 5 m in a liquid whose specific...
-
Use the program developed in Example 14.1 or your own equivalent code to plot the electric field lines and equipotential lines for the following cases: (a) Three point charges of 1 C, 2 C, and 1 C...
-
An electrical heater in the form of a horizontal disk of \(500-\mathrm{mm}\) diameter is used to heat the bottom of a tank filled with engine oil at a temperature of \(10^{\circ} \mathrm{C}\)....
-
You decide to help I. M. with his analysis. A good fax machine will cost $500 and functions properly for five years. The phone company charges $300 for installing a new line and $60 a month for the...
-
An aerobatic airplane pilot experiences weightlessness as she passes over the top of a loop-the-loop maneuver. The acceleration of gravity is 7.8 m/s 2 . If her speed is 470 m/s at this time, find...
-
Brookhurst Company (a U.S.-based company) established a subsidiary in South Africa on January 1, Year 1, by investing 300,000 South African rand (ZAR) when the exchange rate was US$0.09/ZAR 1. On...
-
Companies with excess cash often employ share repurchase plans in place of or along with cash dividends. Share repurchase plans can help investors liquidate their holdings by selling their stock to...
-
Assume the following: A male perpetrator studies the new national health-care bill adopted by Congress and signed by the President. Assume that the male perpetrator, in accordance with health-care...
-
The city of Lora issued $5,000,000 of general government, general obligation, 8%, 20-year bonds at 103 on April 1, 20X7, to finance a major general government capital project. Interest is payable...
-
In fitting a model to classify prospects as purchasers or nonpurchasers, a certain company drew the training data from internal data that include demographic and purchase information. Future data to...
-
Which of the following is not considered an application of computer forensics? 1. Ensure the integrity and chain of evidence associated with digital evidence 2. Examine the content of email...
-
Select the statement that is least accurate: 1. Following the money can only be performed if those assets remain in their original identifiable form as they flow from place to place or person to...
-
Consider the following investment opportunity. Use the below information to answer the next 3 questions. Upfront investment: $1.800.000 Salvage value: $200,000 Pre-Tax Operating Cash Flow: $600,000...
-
The manager for retail customers, Katie White, wants to hear your opinion regarding one business offer she has received from an entrepreneur who is starting a mobile phone app called Easy Money. The...
-
Consider the Edgeworth box diagram at the right, which illustrates the amount of peaches and cream in the refrigerator of Billy Joe and Bobby Sue. a. How many peaches do Billy Joe and Bobby Sue have...
-
Assume that the ice cream industry is perfectly competitive. Each firm producing ice cream must hire an operations manager. There are only 50 operations managers that display extraordinary talent for...
-
Consider the demand for boccie balls shown in the diagram below. Demand is given by P = 80 - Q. Boccie balls can be produced at a constant marginal and average total cost of $20. a. If the boccie...
-
A4-stroke, 4-cylinder, single acting spark ignition petrol engine develops \(20 \mathrm{~kW}\) brake power at \(3000 \mathrm{rpm}\). The following data are given : Bore \(=65 \mathrm{~mm}\), Stroke...
-
A six cylinder four stroke I.C. Engine is to develop \(100 \mathrm{~kW}\) i.p. at 800 RPM. The stroke to bare ratio is 1.25. Assuming Mechanical efficiency of \(80 \%\) and break mean effective...
-
The following data is available for a four stroke petrol engine stroke volume \(=6\) Litres. Mean effective pressure \(=6\) bar. Speed of engine \(=750\) RPM. Calculate i.p. of the engine.
Study smarter with the SolutionInn App