Reference no: EM132479267

A student is deciding between two majors (business and accounting).

The student asks for the starting salaries of the graduates from last year. He is given the following information.

                 Business                   Accounting

mean             50,000                      50,000

mode             40,000                      52,000

standard deviation    3,000                      1,400

range             20,000                      10,000

If all things stay the same from last year, which is most likely to be TRUE based on the information?

• The mean is the most helpful column on the table.
• Business majors all make about the same starting salary.
• An accounting major is very likely to make at least $42,000 starting out.
• A business major always makes a higher starting salary than an accounting major.