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A survey reported the results for the salaries of professors teaching statistics in research universities with four to five years in the rank of associate

A survey reported the results for the salaries of professors teaching statistics in research universities with four to five years in the rank of associate professor and professor in the accompanying table. Interpret the median salary for the associate professors and professors.

Title

Median

Associate professor

$82,400

 

Professor

$108,600

 

 

 

Interpret the median salary for the associate professors. Choose the correct answer below.

A. The arithmetic average of the associate professors' salaries is $82,400.

B. Half of the salaries for associate professors are smaller than or equal to $82,400, and the other half of the salaries for associate professors are larger than or equal to $82,400.

C. The most common value for an associate professor's salary is $82,400.

D. Half of the salaries for associate professors are smaller than or equal to $108,600, and the other half of the salaries for associate professors are larger than or equal to $108,600.


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