The Lowest Hourly Wage an Employer Is Legally Allowed to Pay

question 43

Multiple Choice

The lowest hourly wage an employer is legally allowed to pay an employee in the relevant province or territory of Canada for which such wages are determined is known as:

• A)Maximum wage
• B)Minimum wage
• C)Mandatory wage
• D)Wage equity

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Definitions:

P-value

A statistical measure that helps in determining the significance of the results obtained from a hypothesis test, indicating the probability of observing the results by chance.

Statistical Significance

A result is said to be statistically significant if the computed p-value is less than some prescribed number, usually 0.05.

Null Hypothesis

In statistical hypothesis testing, a statement suggesting that there is no significant difference or effect and that any observed difference is due to sampling or experimental error.

Small P-value

In statistical hypothesis testing, a small p-value indicates strong evidence against the null hypothesis, suggesting that the observed data is unlikely under the assumption of no effect or no difference.