The median wage for a business career is $67,710 annually. What does this mean?

Responses

It is average salary of those who work in business.

It is average salary of those who work in business.

Everyone that goes into business is guaranteed to make that amount.

Everyone that goes into business is guaranteed to make that amount.

This is the salary that those who work in business will start out making.

This is the salary that those who work in business will start out making.

Half of those who work in business make less than this amount and half more.

Half of those who work in business make less than this amount and half more.

1 answer

The correct interpretation of the median wage of $67,710 annually for a business career is:

Half of those who work in business make less than this amount and half more.

The median is a measure of central tendency that indicates the middle point in a data set, meaning that 50% of individuals earn below this amount and 50% earn above it.