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The Following Data Show the Yearly Salaries of a Sample

Question 14

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The following data show the yearly salaries of a sample of MBA graduates.
 MBA Student  Salary in $1,000)A78 B87C80D100E104 F88G82H85\begin{array}{cc}\text { MBA Student }&\text { Salary in } \$ 1,000)\\\mathrm{A} & 78 \\\mathrm{~B} & 87 \\\mathrm{C} & 80 \\\mathrm{D} & 100 \\\mathrm{E} & 104 \\\mathrm{~F} & 88 \\\mathrm{G} & 82 \\\mathrm{H} & 85\end{array}
a. Compute the mean yearly salary and give your answer in dollars.
b. Compute the standard deviation and give your answer in dollars.
c. Compute the 75th percentile and give your answer in dollars. Fully explain what the value that you have determined indicates.

Correct Answer:

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a. $88,000
b. $9,355.03
c. $94...

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