••••••••••••••••••••••
[ Hope you understand.....for any doubt please comment.....!!!!]
The average of an electrician's hourly wage and a plumber's hourly wage is $24. One day...
The average of an electrician's hourly wage and a plumber's hourly wage is $26. One day a contractor hires an electrician for 9 hr of work and the plumber for 6 hr of work and pays a total of $435 in wages. Find the hourly wage for the electrician and for the plumber. Part 1 out of 2 The electrician makes $ /hr.
The average hourly wage of workers at a fast food restaurant is $10.00/hr. Assuming that the wages are normally distributed with a standard deviation of $0.55. If a worker at this fast food restaurant is selected at random, what is the probability that the worker earns less than $8.70 per hour?
Suppose registered nurses in 2007 made an average hourly wage of $30.04. In 2011, suppose their hourly wage had risen to $33.21. Given that the CPI for 2007 was 207.3 and the 2011 CPI was 224.9, answer the following. (a) Give the real wages (in dollars) for registered nurses for 2007 and 2011 by deflating the hourly wage rates. (Round your answers to the nearest cent.) Deflated 2007 wages Deflated 2011 wages $ (b) What is the percentage change in...
Suppose registered nurses in 2007 made an average hourly wage of $30.04. In 2011, suppose their hourly wage had risen to $33.23. Given that the CPI for 2007 was 207.3 and the 2011 CPI was 224.9, answer the following. (a) Give the real wages (in dollars) for registered nurses for 2007 and 2011 by deflating the hourly wage rates. (Round your answers to the nearest cent.) Deflated 2007 wages =$ Deflated 2011 wages =$ (b) What is the percentage change...
Access the hourly wage data on the below Excel Data File (Hourly Wage). An economist wants to test if the average hourly wage is less than $27. Assume that the population standard deviation is $5. & Click here for the Excel Data File e. Select the null and the alternative hypotheses for the test. b-1. Find the value of the test statistic. (Negte value should be Indlcated by a minus sign. Round Intermedlate calculetions to at least 4 declmal places...
The following table shows the average hourly wage rates or day-care centers from two locations based on two random samples. Use the table to complete parts a through c Location 1 Location 2 Sample mean Sample standard deviation Sample size $9.61 $1.28 27 $8.65 $1.25 34 a. Per or a hypothesis test using α =0.10 to determine e average hourly wage or day-care workers n Location 1 s $0.50 per hour higher than the average houry wage or day-care workers...
Individual X and Y work 10 and 6 hours a day, respectively. Their hourly wage is $8 per hour. If their wage goes up to $10 per hour, individual X and Y adjust their hours of work as 12 and 5 hours a day, respectively. (Assume that both individuals faces the same 16 hours constraint in a day) (a) (5 points) What can you tell about their indifference curves? (e.g flat or steep) Explain briefly what your answer implies about...
From December 2017 to December 2018, Average Hourly Earnings for All Employees (average nominal wage rate) rose 3.2%, while consumer prices rose 2.2%. How much did real wages grow on average?
A company pays its employees an average wage of $15.90 an hour with a standard deviation of $1.50. If the wages are approximately normally distributed and paid to the nearest cent, (a) what percentage of the workers receive wages between $13.75 and $16.22 an hour inclusive? (b) the highest 5% of the employee hourly wages is greater than what amount?
Please help Problems 5. Determine the annual cost, average hourly cost, and burden markup of an hourly employee given the infor- mation in Table 8-1. Assume the employee takes full advantage of the 401(k) benefit. The employee's health insurance is paid for entirely by the employer. Last year the employee worked 2,104 hours and was paid for an additional 80 hours of vacation. The employee was paid for at least 40 hours each week and is to be paid time...