The file titled Payscale contains data on salaries for a sample of MBA graduates in California and

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The file titled Payscale contains data on salaries for a sample of MBA graduates in California and Florida.

a. Calculate the standard deviations of the salaries for both states’ MBA graduates. Which state seems to have a wider spectrum of salaries for MBA graduates?

b. Calculate the average and median salary for each state’s MBA graduates.

c. Examining the averages calculated in part b, determine which state’s MBA graduates have the larger relative dispersion.

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Business Statistics

ISBN: 9781292220383

10th Global Edition

Authors: David Groebner, Patrick Shannon, Phillip Fry

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