Homework Help: Math

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 34-46K. For the first distribution, the 50% chance is to get between 30-50K. 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 ...
healthcare fiancare - HINT: 6% X $1,000,000 – {20% X ($1,000,000 – (6...
Algebra - Which job would be better? One that has a salary where the mean and ...
Statistics - The mean and median sales prices of new homes sold in the U.S. in ...
Math - The prices of 7 race cars are 126,000 140,000 140,000 180,000 400,000 400...
Math - What is the percent increase in the population for all six inhabited ...
finance - One yaer fom now, how much value creation is expected from the ...
math - $ 20,000 10,000 11,000 4,000 30,000 25,000 5,000 what is the curent ratio
algebra - how do you make a stem-and-leaf plot for numbers like this: 24,000 28,...
MTH 157 - The 99 employees in a factoryearn a salary of $35,000 per year, while ...

For Further Reading

First Name:
School Subject:
Answer: