Suppose two graduating seniors, one a marketing major and one an accounting major, are comparing job offers. The accounting major has an offer for $53,000 per year, and the marketing major has an offer for $49,000 per year. Summary information about the distribution of the offers is shown below: Accounting: mean: 50000 standard deviation: 1500 Marketing: mean: 45500 standard deviation: 1000 Which offer is more attractive and why?

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.4: Distributions Of Data
Problem 19PFA
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Suppose two graduating seniors, one a marketing major and one an accounting major, are comparing job offers. The accounting major has an offer for $53,000 per year, and the marketing major has an offer for $49,000 per year. Summary information about the distribution of the offers is shown below:

 

Accounting:  mean:  50000                 standard deviation:  1500

Marketing:  mean:  45500                   standard deviation:  1000

 

Which offer is more attractive and why?

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