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The Following Data Shows the Yearly Salaries of a Sample

Question 114

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The following data shows the yearly salaries of a sample of MBA graduates.  MBA Student Salary (in $1,000 )  A 78 B87C80D100E104 F88G82H85\begin{array}{cc}\text { MBA Student}&\text { Salary (in } \$ 1,000 \text { ) }\\\text { 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...

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