Pay Scale, Inc., an online provider of global compensation data, recently conducted a survey of 1.2 million

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Pay Scale, Inc., an online provider of global compensation data, recently conducted a survey of 1.2 million bachelor's degree graduates with a minimum of 10 years of work experience. Three of the many variables measured by Pay Scale were the graduate's starting salary, mid-career salary, and the college or university where they obtained their degree. A summary of the starting and mid-career salary data was reported in the Wall Street Journal (July 31, 2008). Descriptive statistics were provided for each of the over 300 colleges and universities that graduates attended. For example, graduates of the University of South Florida (USF) had a median starting salary of $41,100, a median mid-career salary of $71,100, and a mid-career 90th percentile salary of $131,000. Describe the salary distribution of USF bachelor's degree graduates by interpreting each of these summary statistics.
Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...
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Statistics For Business And Economics

ISBN: 9780321826237

12th Edition

Authors: James T. McClave, P. George Benson, Terry T Sincich

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