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Exercises

ExercisesFall 2001 Professor Paul GlassermanB6014: Managerial Statistics403 Uris Hall1. Descriptive Statistics2. Probability and Expected Value3. Covariance and Correlation4. Normal Distribution5. Sampling6. Confidence Intervals7. Hypothesis Testing8. Regression Analysis8 ExercisesDescriptive StatisticsFall 2001 Professor Paul GlassermanB6014: Managerial Statistics403 Uris Hall0 1 2 3 4 5 6 7 8 # Occurrences01234567 ValuesFigure 1: Histogram for Problem 11 .Find the median of the data in Figure 1 .2 .Find the standard deviation of the data in Figure 1 .3 .Five students from the 1999 MBA class took jobs in rocket science after graduation .Fourof these students reported their starting salaries: $95,000, $106,000, $106,000, $118, fifth student did not report a starting salary.

(a) The median starting salary for all five students could be anywhere between $95,000 and $118,000. (b) The median starting salary for all five students is $106,000. (c) The median starting salary for all five students is $106,500. (d) The median starting salary for all five students could be greater than $118,000.

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