DIRECTIONS for the following three questions: Answer the questions on the basis of the information given below.
Details of the top 20 MBA schools in the US as ranked by US News and World Report, 1997 are given below.
| School | Overall Ranking | Ranking by Academics | Ranking by Recruiters | Ranking by Placements | Median Starting Salary | % Employed | Annual Tuition Fee |
|---|---|---|---|---|---|---|---|
| Stanford University | 1 | 1 | 3 | 1 | $82,000 | 98.9 | $23,100 |
| Harvard University | 2 | 1 | 2 | 4 | $80,000 | 96.4 | $23,840 |
| University of Pennsylvania | 3 | 1 | 4 | 2 | $79,000 | 100.0 | $24,956 |
| Massachusetts Institute of Technology | 4 | 1 | 4 | 3 | $78,000 | 98.8 | $23,900 |
| University of Chicago | 5 | 1 | 8 | 10 | $65,000 | 98.4 | $23,930 |
| Northwestern University | 6 | 1 | 1 | 11 | $70,000 | 93.6 | $23,025 |
| Columbia University | 7 | 9 | 10 | 5 | $83,000 | 96.2 | $23,830 |
| Dartmouth College | 8 | 12 | 11 | 6 | $70,000 | 98.3 | $23,700 |
| Duke Univrsity | 9 | 9 | 7 | 8 | $67,500 | 98.5 | $24,380 |
| University of California-Berkeley | 10 | 7 | 12 | 12 | $70,000 | 93.7 | $18,788 |
| University of Virginia | 11 | 12 | 9 | 9 | $66,000 | 98.1 | $19,627 |
| University of Michigan-Ann Arbor | 12 | 7 | 6 | 14 | $65,000 | 99.1 | $23,178 |
| New York University | 13 | 16 | 19 | 7 | $70,583 | 97 | $23,554 |
| Carnegie Mellon University | 14 | 12 | 18 | 13 | $67,200 | 96.6 | $22,200 |
| Yale University | 15 | 18 | 17 | 22 | $65,000 | 91.5 | $23,220 |
| Univ. of North Carolina-Chapel Hill | 16 | 16 | 16 | 16 | $60,000 | 96.8 | $14,333 |
| University of California-Los Angeles | 17 | 9 | 13 | 38 | $65,000 | 82.2 | $19,431 |
| University of Texas-Austin | 18 | 18 | 13 | 24 | $60,000 | 97.3 | $11,614 |
| Indiana University-Bloomington | 19 | 18 | 20 | 17 | $61,500 | 95.2 | $15,613 |
| Cornell University | 20 | 12 | 15 | 36 | $64,000 | 85.1 | $23,151 |