An Employee Gains Work Experience by Staying in a Job

question 40

Multiple Choice

An employee gains work experience by staying in a job for a long period of time.An economist would expect this employee's wages to

• A) increase as experience is gained.
• B) decrease as experience is gained.
• C) increase,but then decrease over time as experience is gained.
• D) decrease,but then increase over time as experience is gained.
• E) stay the same since experience would have no effect on wages.

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Definitions:

Alternative Hypothesis

A statement that suggests there is a statistically significant relationship between two variables, contrasting the null hypothesis.

Standard Error

The standard deviation of the sampling distribution of a statistic, commonly the mean.

Sample Size

The number of observations or data points collected in a study, used to make inferences about a population.

Standard Error

A statistical measure that quantifies the amount of variation or dispersion of a sample statistic compared to the true population parameter.