Elementary Statistics: Picturing the World (6th Edition)

Published by Pearson
ISBN 10: 0321911210
ISBN 13: 978-0-32191-121-6

Chapter 2 - Descriptive Statistics - Section 2.4 Measures of Variation - Exercises - Page 94: 19

Answer

Company B

Work Step by Step

An offer of $33,000 is two standard deviations from the mean of Company A’s starting salaries, which makes it less likely. The same offer is within one standard deviation of the mean of Company B’s starting salaries, which makes the offer more likely. In other words, both offers have the same mean, but Company B has a larger variance, which makes it more likely to obtain a larger salary.
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