Posted by Amy~ on Sunday, September 5, 2010 at 4:27pm.
Which major should Derrick pick based on the starting salary?
Business:
Mean: $39,000
Median: $30,000
Range: $20,000
Engineering:
Mean: $35,000
Median: $34,000
Range: $12,000
Could someone explain why it would be a certain major?
I don't know: I thought engineering since the range of salaries isn't a huge difference, and the mean and median are close(but is this a good thing)

Math  PsyDAG, Monday, September 6, 2010 at 11:34am
Both distributions are positively skewed, since the mean is more effected by deviant scores than the median. The first distribution has the greater skew.
With the range of 12k and median of 34K, he has a 50% chance of getting between 3446K. For the first distribution, the 50% chance is to get between 3050K. Of course, that is just looking at the positive side.
Wouldn't it depend on how optimistic Derrick was?
Answer This Question
Related Questions
 Math  Sales made last year by Lane's Appliance Store are listed below. The ...
 Statistics  The mean and median sales prices of new homes sold in the U.S. in ...
 healthcare fiancare  HINT: 6% X $1,000,000 – {20% X ($1,000,000 – (6% X $1,000,...
 Algebra  Which job would be better? One that has a salary where the mean and ...
 programming concepts  Input a list of employee names and salaries stored in ...
 Math  What is the percent increase in the population for all six inhabited ...
 mathfinance  suppose you are offered two identical jobs: one paying a starting...
 Math  Would 72,060,964,765 look like the following in it's expanded form? 7X 10...
 math  The data set represents the income levels of the members of a country ...
 Math  The prices of 7 race cars are 126,000 140,000 140,000 180,000 400,000 400...
More Related Questions