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The Following Data Show the Yearly Salaries of a Sample

Question 146

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The following data show the yearly salaries of a sample of EMBA graduates.  EMBA Student Salary (in $1,000 ) A88 B97C90D110E114 F98G92H95\begin{array}{l}\text { EMBA Student }&\text {Salary (in } \$ 1,000 \text { ) }\\\mathrm { A } & 88 \\\mathrm {~B} & 97 \\\mathrm { C } & 90 \\\mathrm { D } & 110 \\\mathrm { E } & 114 \\\mathrm {~F} & 98 \\\mathrm { G } & 92 \\\mathrm { H } & 95\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.
$98,000
b.
$9,355...

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