Math Problem Statement

The box plot below shows salaries for Actuaries and CPAs. Kendra makes the median salary for an Actuary. Kelsey makes the first quartile salary for a CPA. Who makes more money? How much more? 5. Referring to the boxplot above, what percentage of actuaries makes more than the median salary of a CPA? 6. Considering the boxplots above, if you were considering becoming a CPA vs. and Actuary and were basing your decision on salary alone, which career would you choose and why?

Solution

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Math Problem Analysis

Mathematical Concepts

Statistics
Box Plot Interpretation
Percentiles

Formulas

Percentile Calculation
Quartile Ranges

Theorems

Box Plot Median and Quartile Theory

Suitable Grade Level

Grades 8-10