About 5% of hourly paid workers in a region earn the prevailing minimum wage or less....
About 5% of hourly paid workers in a region earn the prevailing minimum wage or less. A grocery chain offers discount rates to companies that have at least 30 employees who earn the prevailing minimum wage or less. Company C has 1012 employees. What is the probability that Company C will get the discount?
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About 5% of hourly paid workers in a region earn the prevailing
minimum wage or less....
About 5% of hourly paid workers in a region earn the prevailing minimum wage or less....
About 5% of hourly paid workers in a region earn the prevailing minimum wage or less. A grocery chain offers discount rates to companies that have at least 30 employees who earn the prevailing minimum wage or less.Company B has 542 employees. What is the probability that Company B will get the discount?
About 5% of hourly paid workers in a region earn the prevailing minimum wage or less....
About 5% of hourly paid workers in a region earn the prevailing minimum wage or less. A grocery chain offers discount rates to companies that have at least 30 employees who earn the prevailing minimum wage or less. Complete parts (a) through (c) below. (a) Company A has 300 employees. What is the probability that Company A will get the discount? (Round to four decimal places as needed.) (b) Company B has 516 employees. What is the probability that Company...
Many companies that pay workers an hourly wage require some minimum level of acceptable output. S...
Many companies that pay workers an hourly wage require some minimum level of acceptable output. Suppose a company that has been using this system decides to switch to a piece-rate system under which workers are compensated on the basis of how much output they produce but where they are also free to choose how much to produce. Is it likely that workers under a piece-rate system will end up choosing to produce less than the minimum output required under the...
The average hourly pay for a company is $20 with a standard deviation of $3. Furthermore,...
The average hourly pay for a company is $20 with a standard deviation of $3. Furthermore, it is known that the hourly pay rates are normally distributed. (a) [2] What is the probability that a randomly selected employee will have an hourly wage of at least $26? (b) [4] What are the minimum and the maximum hourly wages of the middle 90% of employees? (c) [4] If 15 of the employees have hourly pay rates less than $17, how many...
A transit authority offers discount rates to companies that have at least 30 employees who use...
A transit authority offers discount rates to companies that have at least 30 employees who use public transportation to get to work. There are 542 employees in a company. What is the probability that the company will not get the discount? Can the normal distribution be used to approximate the binomial distribution? What is the probability that the company will not get the discount? (Round to four decimal places)
At the minimum wage (set above the equilibrium wage), A : all individuals who end up working are paid less than if they...
At the minimum wage (set above the equilibrium wage), A : all individuals who end up working are paid less than if they were paid the equilibrium wage. B : none of the workers will lose there jobs or find themselves working fewer hours. C : none of the individuals who end up working are paid more than if they were paid the equilibrium wage. D : there will be fewer people working (or fewer labor hours demanded) than at...
The percent of female wage and salary workers who are paid hourly wages for the years...
The percent of female wage and salary workers who are paid hourly wages for the years 1979 to 1992. (1989) Year 1979 1980 1981 1982 1983 1984 1985 1986 1987 1990 1992 Percent of workers paid hourly rates 61.2 60.7 61.3 61.3 61.8 61.7 61.8 62.0 62.9 62.8 62.9 e. a. Define the Independent and Dependent variables b. Plot the points on a graph and label the axes c. Write the regression equation. Use correct notation. d. Perform a hypothesis...
11) If a company pays their factory workers an hourly wage less than expected, which variance...
11) If a company pays their factory workers an hourly wage less than expected, which variance would this affect? A) The labor rate variance B) The materials price variance C) The labor efficiency variance D) The materials quantity variance 12) If a company shows a materials price variance, the manager that is usually responsible would be the A) Advertising Manager B) Purchasing Manager C) Sales Manager D) Labor Manager 13) Jackson Corporation uses a labor force that is usually paid...
How does factoring in minimum wage costs get added when wages have not necessarily been paid...
How does factoring in minimum wage costs get added when wages have not necessarily been paid out yet at the new higher rate? For instance, if minimum wage is set to go up in the next few months and companies know of this increase in labor cost, when do they start raising prices or determining the best way to offset these added costs? My assumption would be to raise product costs and cut employees beforehand, yet it seems many businesses...
union representative decided to bring a wage discrimination case against a manufacturing employer. The claim is...
union representative decided to bring a wage discrimination case against a manufacturing employer. The claim is that female employees of the company are paid less than the male employees for doing exactly the same work. To test this claim, the union representative selected independent random samples of male and female employees and obtained the following statistics for hourly wage rates. A3. A Male employees Female employees 50 21.50 2.30 42 20.60 2.40 Sample size Average (S/hr) Standard deviation ($/h230 Using...
About 5% of hourly paid workers in a region earn the prevailing minimum wage or less. A grocery chain offers discount rates to companies that have at least 30 employees who earn the prevailing minimum wage or less. Complete parts (a) through (c) below. (a) Company A has 300 employees. What is the probability that Company A will get the discount? (Round to four decimal places as needed.) (b) Company B has 516 employees. What is the probability that Company...
The average hourly pay for a company is $20 with a standard deviation of $3. Furthermore, it is known that the hourly pay rates are normally distributed. (a) [2] What is the probability that a randomly selected employee will have an hourly wage of at least $26? (b) [4] What are the minimum and the maximum hourly wages of the middle 90% of employees? (c) [4] If 15 of the employees have hourly pay rates less than $17, how many...
The percent of female wage and salary workers who are paid hourly wages for the years 1979 to 1992. (1989) Year 1979 1980 1981 1982 1983 1984 1985 1986 1987 1990 1992 Percent of workers paid hourly rates 61.2 60.7 61.3 61.3 61.8 61.7 61.8 62.0 62.9 62.8 62.9 e. a. Define the Independent and Dependent variables b. Plot the points on a graph and label the axes c. Write the regression equation. Use correct notation. d. Perform a hypothesis...
11) If a company pays their factory workers an hourly wage less than expected, which variance would this affect? A) The labor rate variance B) The materials price variance C) The labor efficiency variance D) The materials quantity variance 12) If a company shows a materials price variance, the manager that is usually responsible would be the A) Advertising Manager B) Purchasing Manager C) Sales Manager D) Labor Manager 13) Jackson Corporation uses a labor force that is usually paid...
union representative decided to bring a wage discrimination case against a manufacturing employer. The claim is that female employees of the company are paid less than the male employees for doing exactly the same work. To test this claim, the union representative selected independent random samples of male and female employees and obtained the following statistics for hourly wage rates. A3. A Male employees Female employees 50 21.50 2.30 42 20.60 2.40 Sample size Average (S/hr) Standard deviation ($/h230 Using...
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