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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 th marketing major has an offer for $49,000 per year. Summary information about the distribution of the offers is shown below: Accounting: mean: 50000 Marketing: mean: 45500 Which offer is more attractive and why? standard deviation: 1500 standard deviation: 1000 Given the information, the accounting major has the best offer because the z-score for their salary is further above the mean. The accounting major has the best offer because $53,000 is a higher annual salary than $49,000. Given the information, the marketing major has the best offer because the z-score for their salary is further above the mean. Given the information, both majors have an equally good offer since their salaries are above the mean. There is not enough information to compare the two offers

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 th marketing major has an offer for $49,000 per year. Summary information about the distribution of the offers is shown below: Accounting: mean: 50000 Marketing: mean: 45500 Which offer is more attractive and why? standard deviation: 1500 standard deviation: 1000 Given the information, the accounting major has the best offer because the z-score for their salary is further above the mean. The accounting major has the best offer because $53,000 is a higher annual salary than $49,000. Given the information, the marketing major has the best offer because the z-score for their salary is further above the mean. Given the information, both majors have an equally good offer since their salaries are above the mean. There is not enough information to compare the two offers

MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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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 Marketing: mean: 45500 Which offer is more attractive and why? ooo standard deviation: 1500 standard deviation: 1000 Given the information, the accounting major has the best offer because the z-score for their salary is further above the mean. The accounting major has the best offer because $53,000 is a higher annual salary than $49,000. Given the information, the marketing major has the best offer because the z-score for their salary is further above the mean. Given the information, both majors have an equally good offer since their salaries are above the mean. There is not enough information to compare the two offers.
Transcribed Image Text: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 Marketing: mean: 45500 Which offer is more attractive and why? ooo standard deviation: 1500 standard deviation: 1000 Given the information, the accounting major has the best offer because the z-score for their salary is further above the mean. The accounting major has the best offer because $53,000 is a higher annual salary than $49,000. Given the information, the marketing major has the best offer because the z-score for their salary is further above the mean. Given the information, both majors have an equally good offer since their salaries are above the mean. There is not enough information to compare the two offers.
Expert Solution
Step 1

given data 

accounting : 

μ1  = 50000σ1 = 1500x1 = 53000 

Marketing : μ2 = 45500σ2 = 1000x2 = 49000

which offer is relatively attractive ?

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