Statistics Solutions

[Solved] The 1996-97 average starting salary for new college graduates in accounting was $30,393 (U.S. News Online, U.S. News and World Report, December

Question: The 1996-97 average starting salary for new college graduates in accounting was $30,393 (U.S. News Online, U.S. News and World Report, December 1997). A sample of starting salaries follows. Data are in thousands of dollars.

30.7 28.8 29.1 31.1 30.1
29.7 30.7 30 30.6 30.5
31.2 32.1 30.2 30.3 32.9
32.2 29.9 28.9 30.6 31.8
32.2 30.3 30.4 32.3 33.3
32.7 29.3 30.3 30.9 30.3
  1. What is the mean starting salary?
  2. What is the median starting salary?
  3. What is the mode?
  4. What is the first quartile?
  5. What is the third quartile?
  6. Do these data seem consistent with the U.S. News & World Report finding?

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Solution: The downloadable solution consists of 4 pages
Deliverable: Word Document


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