Question
Abner is using the Quantitative Reasoning Process to make a decision about his major atcollege. He is trying to decide between two majors. He finds
Abner is using the Quantitative Reasoning Process to make a decision about his major atcollege. He is trying to decide between two majors. He finds the following data on the starting salary for graduates with each major:
Mean Starting Salary
Standard Deviation of Starting Salary
Seventy-fifth percentile for Starting Salary
Major #1
$45,000
$2,000
$48,000
Major #2
$45,000
$19,000
$68,000
Which of the following interpretations of these statistics is correct?
Seventy-five percent of graduates with major #2 make over $68,000 per year.
The top 25% of starting salaries are higher for graduates in Major #2 than Major #1.
The highest salary made by graduates with major #1 is $50,000 per year.
The starting salaries are less consistent for graduates in Major #1 than Major #2.
The mean starting salary is higher for graduates in Major #2 than Major #1.
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