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The MBASAL file contains the salary offer (in thousands of dollars) received by each member of a sample of 50 MBA students who graduate from the graduate school of management at Rutgers, The State University of New Jersey. Descriptive statistics and a box plot for the data are shown on the DDXL below:

Summary of salary count: 50

Mean: 52.334

Median: 51

Std dev: 9.224

Variance: 85.085

Range: 40

Min: 35

Max: 75

IQR: 13.7

25th%: 45.3

75th%: 59

a. Find and interpret the z score associated with the highest salary offer, the lowest salary offer, and the mean salary offer. Would you consider the highest offer to be unusually high? Why or why not?

b. Based on the box plot for this data set, which salary offers are suspect or highly suspect to be outliers?

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Category:- Statistics and Probability
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