Question
The annual salaries of General Managers of all 220 locations of a large national grocery chain were published in a recent financial publication. Included in
The annual salaries of General Managers of all 220 locations of a large national grocery chain were published in a recent financial publication. Included in the data was a graphical representation of the data that posted a mean salary of 1.3 million dollars with a standard deviation of $150,000. A General Manager at the Conroe, TX. location earns an annual salary of $925,000. Interpret this data.
The General Manager earns a salary that is more than generally close to the mean.
The General Manager earns a salary that is less than one standard deviation from the mean.
The General Manager earns a salary that is more than two standard deviation from the mean.
The General Manager earns a salary that is more than three standard deviations from the mean and he should petition for a salary increase.
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