Asked by ??????? ???????? on Apr 25, 2024
Calvin is graduating and wants to get a job in a government agency.He has done some research and will interview with two different agencies.The first agency offers starting salaries with a mean of $47,000 and a standard deviation of $1,500.The second agency's average starting salary is also $47,000,with a standard deviation of $4,000.With which agency is Calvin more likely to start with an offer of $1,000 per week or more?
Standard Deviation
A measure of the dispersion or spread in a set of data; it shows how much variation there is from the average.
Government Agency
An organization at the national, state, or local level that administers specific functions or services to the public.
- Calculate z-scores by applying the mean and standard deviation.
- Scrutinize and compute indicators of spread.
Learning Objectives
- Calculate z-scores by applying the mean and standard deviation.
- Scrutinize and compute indicators of spread.