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(See Solution) As part of a study evaluating the "value added" of a Queen’s MBA degree, 40 MBA students (full-time, in-house program) were asked what their starting

Question: As part of a study evaluating the "value added" of a Queen’s MBA degree, 40 MBA students (full-time, in-house program) were asked what their starting salary was following their degree. The responses are included in the file MBA Salaries.xlsx.

  1. Create a frequency distribution and graph a histogram of these data.
  2. What are the mean, median, and mode of the data? If you wanted to compare this information to another MBA program, which measure of the middle would you choose, and why?
  3. Compute the standard deviation of the salary data. Use this to find an approximate salary range that covers most of the graduates.

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