WOMEN, BEWARE: AN MBA Doesn’t Mean Equal Pay@ is the title of an article that ap

Question

WOMEN, BEWARE: AN MBA Doesn’t Mean Equal Pay@ is the title of an article that appeared in Business Week in October of 1990. The article looks at the differences in starting salaries of male and female MBAs. The article stated that the average starting salary of female MBA graduates of top twenty schools was $54,749, while the median was $47,543 and the standard deviation was $10,250. Based on the data presented, describe the shape of the distribution of female starting salaries, i.e., stated whether the distribution is symmetrical, left or right skewed.

Explanation / Answer

Answer:

We are given that the average salary of the female MBA’s among top twenty schools is given as $54, 749 and median salary is given as $47543. Standard deviation is given as $10250.

We know that, if mean is greater than median, then distribution is right skewed and if mean is less than median, then distribution is left skewed.

Mean > Median, distribution is right skewed.

Mean < Median, distribution is left skewed.

Mean = Median, distribution is symmetrical.

Here, we are given

Mean = 54749

Median = 47543

So, Mean > median

So, given distribution is right skewed.

Related Questions

Navigate

• Browse (All)
• Browse W
• Subjects

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.