Question 947708
If the salary for BBAs in marketing has a mean of $49,554 and standard deviation of $10,954 and the salary for BBAs in accounting has a mean of $48,715 and a standard deviation of $14,618, who is being paid more within their field, marketers making $42,000 or accountants making $47,000? Show why.
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Who has the higher z-score
Marketer BBAs:: z(42000) = (42000-49554)/10954 = -0.6896
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Accountant BBAs:: z(47000)= (47000-48715)/14618 = -0.1173
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Ans:: -0.6896 < -0.1173
Ans: Marketer's salaries are further below their mean
Ans: Accountants making $47000 are paid more.
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Cheers,
Stan H.
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