Based on the following salary data, how many salaries fall outside the range of one standard deviation?Salaries:$22,000$22,000$23,500$24,000$25,000$25,500$26,000$26,000$29,000$32,000$35,000$37,000$37,500Sum Total of all Salaries= $364,500StandardDeviation = $5,543000002355

Solution:- Standard deviation means deviation of values from its mean. Now, here range of one…

Answered: Based on the following salary data, how…

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Based on the following salary data, how many salaries fall outside the range of one standard deviation? Salaries: $22,000 $22,000 $23,500 $24,000 $25,000 $25,500 $26,000 $26,000 $29,000 $32,000 $35,000 $37,000 $37,500 Sum Total of all Salaries= $364,500 Standard Deviation = $5,543 000 235