Question: The annual base salaries for 200 students graduating from a reputable MBA program this year are given in the file P2_74.XLS. a. Is it appropriate

The annual base salaries for 200 students graduating from a reputable MBA program this year are given in the file P2_74.XLS.

a. Is it appropriate to apply the rules of thumb in this case? Explain.

b. If it is appropriate to apply the rules of thumb here, between what two numbers can we be about 68% sure that the salary of any one of these 200 students will fall?

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