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Mathematics, 12.02.2020 05:58 ravensenpai423

Anyway let's suppose you finish your education and you wind up with two separate job offers from Firm A and from Firm B. Everything you know about both companies is identical except for the salary and neither firm will tell you your starting salary until AFTER you agree to work for them so you have no idea what you could get. The only thing each firm is willing to tell you is that "The average starting salary for the last 7 new hires was $50,000".

1) Considering that both have the same AVERAGE starting salary, and everything else is identical, is there any reason to investigate this further? Why or why not?
2) In the context of descriptive statistics (chapter
3) what might be another useful salary statistic, aside from the average salary, to help you make your decision ? Now suppose you've said no to both of the previous companies and you ended up with an offer from two others, Firm C and Firm D. Again everything about them is the same, only this time they give you the salary data for the last 7 new hires. The data for Firm C has been ordered so you have no idea what order the starting salaries occurred. Firm C: $20,000, $30,000, $40,000, $50,000, $60,000, $70,000, $80,000 Firm D: $50,000, $50,000, $50,000, $50,000, $50,000, $50,000, $50,000 3) Now that you've seen the data, which company do you choose to work for? Explain your reasoning

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