USA Today Reported in 1999 That the Median Starting Salary

Multiple Choice

USA Today reported in 1999 that the median starting salary of graduates of Stanford University's business school was $88,900, which was 15% more than it was the year before. What was the median starting salary of the 1998 graduates of Stanford University's business school? Round your answer to the nearest dollar.

A) $77,304
B) $87,400
C) $104,588
D) $75,565
E) $102,235