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Question

Each year, Business Week publishes information and rankings of master of business administration (MBA) programs. The data file MBA Analysis contains data on several variables for eight reputable MBA programs as presented in the October 2, 2000, issue of Business Week. The variables include pre- and post-MBA salary, percentage salary increase, undergraduate GPA, average Graduate Management Admission Test (GMAT) score, annual tuition, and expected annual student cost. Compute the mean and median for each of the variables in the database.

A)


Mean Median
Pre-MBA Salary 39077 43337.63
Post-MBA Salary 82203 98902
Percentage Increase in Salary 116 123
Undergraduate GPA 3.46 3.40
GMAT Score 635.00 631.13
Annual Tuition 13163.50 15967.50
Expected Annual Student Cost 23169.5 27980.75

B)


Mean Median
Pre-MBA Salary 46667.63 39077
Post-MBA Salary 98902 84403
Percentage Increase in Salary 113 116
Undergraduate GPA 3.40 3.56
GMAT Score 661.16 635.00
Annual Tuition 15967.50 19163.70
Expected Annual Student Cost 28980.75 23179.5

C)


Mean Median
Pre-MBA Salary 43337.63 39077
Post-MBA Salary 98902 82203
Percentage Increase in Salary 123 116
Undergraduate GPA 3.40 3.46
GMAT Score 631.13 635.00
Annual Tuition 15967.50 13163.50
Expected Annual Student Cost 27980.75 23169.5

D)


Mean Median
Pre-MBA Salary 39077 46667.63
Post-MBA Salary 84403 98902
Percentage Increase in Salary 116 113
Undergraduate GPA 3.56 3.40
GMAT Score 635.00 661.16
Annual Tuition 19163.70 15967.50
Expected Annual Student Cost 23179.5 28980.75

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