A survey reported the results for the salaries of professors teaching statistics in research universities with four
Question:
A survey reported the results for the salaries of professors teaching statistics in research universities with four to five years in the rank of associate professor and professor in the accompanying table. Interpret the median salary for the associate professors and professors.
Title | Median | |
Associate professor | $82,400 | |
Professor | $108,600
|
Interpret the median salary for the associate professors. Choose the correct answer below.
A. The arithmetic average of the associate professors' salaries is $82,400.
B. Half of the salaries for associate professors are smaller than or equal to $82,400, and the other half of the salaries for associate professors are larger than or equal to $82,400.
C. The most common value for an associate professor's salary is $82,400.
D. Half of the salaries for associate professors are smaller than or equal to $108,600, and the other half of the salaries for associate professors are larger than or equal to $108,600.
Stats Data and Models
ISBN: 978-0321986498
4th edition
Authors: Richard D. De Veaux, Paul D. Velleman, David E. Bock