You have been asked to provide a salary recommendation for a new position in your organization. To inform your recommendation, you conduct a search of job postings from the past 12 months to determine an appropriate salary range that reflects current industry standards (Table 1).

Table 1

Employer	Salary Range
Employer A	$62,000 - $78,000
Employer B	$60,000 - $70,000
Employer C	$62,500 - $75,000
Employer D	$62,000 - $72,000
Employer E	$65,000 - $75,000
Employer F	$60,000 - $70,000
Employer G	$61,250 - $68,000
Employer H	$65,000 - $75,000
Employer I	$60,500 - $70,000
Employer J	$64,000 - $78,000

Use the data from Table 1 to calculate:

The mean

The variance

The standard deviation

Provide a response the following question:

What does the standard deviation reveal about the range of salaries for the new position?