During July 2007, the National Association of Colleges and Employers reported an increase in the average starting salaries of trades related to engineering. Offers to students awarded a bachelor’s degree in chemical engineering rose 5.4% to an average of $59,361, and starting salaries for students awarded a bachelor’s degree in computer engineering rose 4.8% to an average of $56,201. The numbers in this case are an example of:
◦
relative frequency and probability.
◦
summary statistics.
◦
probability and odds.
◦
statistical likelihood and inference.