Salary owing files. 31 83467 Keep 41 85097 5 77573 | 61 119015 usiness s... 7 |

Question

Salary owing files. 31 83467 Keep 41 85097 5 77573 | 61 119015 usiness s... 7 | 65082 | ast time t… 81 85014 91 93563 101 79153 94998 82250 211 92527 22 83730 241 72431 251 81048 26, 67104 27 62724 30 92872 31 74505 32 70375 33 67879 34 86994 35 67997 36 77970 37, 72802 E D C B ry 3 67 97-73 $15 82 14 63 91 57 5 4-9 5-7 2262 7940173785389998 0-0-5 1!1-9 1081890 3321722324076772 Sa 95 83 85-77-11 58 93 79 80 94 82 6993711 S9-887-16-89789 8-5-46886998678667897768677- st 8 9 10 1 12 13 156 17 18 19 20 21 22 23 24 5 6229 30 31 2 3 3 53z 7 8 9 10 11 12 13 14 15 16 17 18 19 20 01234567 890-23 22 2 2 3 3 3 3 3 3 3 3 a 12345678911111111 11 2222 2 2 e in p > w ee

Explanation / Answer

a) The mean and Median of the given data is as Mean = 75731.23 and Median = 76410

Calculation Using Excel is as follows

b) The Mean of the given data suggests that on an average the starting salary of MBA graduates is $75731.23 and

Median suggests that the starting salaries of MBA graduates for the above data is $76410, i.e., out of 125 MBA graduates 62 will receive a salary less than $76410 and 62 will receive a salary more than $76410. and the 63rd graduate receives exactly $76410

Salary 95833 83467 85097 77573 119015 65082 85014 93563 79153 80140 94998 82250 56173 49024 69829 83161 87824 61994 91005 92527 83730 63941 72431 81048 67104 62724 72325 83760 92872 74505 70375 67879 86994 67997 77970 72802 79867 79882 71023 88460 93465 100855 73515 82220 78815 70450 61677 87958 81734 70598 56777 86707 85898 68947 92159 53566 94658 55937 73145 82190 76410 56083 40519 64312 49856 92006 79181 59992 118230 56687 90293 53311 93898 48188 79867 55963 50218 67841 84255 73417 64850 96452 71597 88174 80599 63648 82749 74335 69991 74490 88095 99991 68123 59056 38811 87340 99776 81389 47757 64538 96424 82336 56681 71915 111344 79889 79475 41722 61168 91581 73747 75337 92083 74855 81610 83333 74295 57556 93970 43135 57625 67147 63957 74397 86852 75731.23 Mean 76410 Median

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