The file P02_17.xlsx contains the salaries of 200 recent graduates from a (fictional) MBA program. a. What
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The file P02_17.xlsx contains the salaries of 200 recent graduates from a (fictional) MBA program.
a. What salary level is most indicative of those earned by students graduating from this MBA program this year?
- b. Do the empirical rules for standard deviations apply to these data? Can you tell, or at least make an educated guess, by looking at the shape of the histogram? Why?
- c. If the empirical rules apply here, between which two numbers can you be about 68% sure that the salary of any one of these 200 students will fall?
- d. If the MBA program wants to make a statement such as “Some of our recent graduates started out making X dollars or more, and almost all of them started out making at least Y dollars” for their promotional materials, what values of X and Y would you suggest they use? Defend your choice.
- e. As an admissions officer of this MBA program, how would you proceed to use these findings to market the program to prospective students?
Related Book For
Data Analysis and Decision Making
ISBN: 978-0538476126
4th edition
Authors: Christian Albright, Wayne Winston, Christopher Zappe
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