In Examining the Data Below,the Manager Exclaimed That He Was

question 47

Multiple Choice

In examining the data below,the manager exclaimed that he was very happy to see no bias in the forecasts.How would you respond to the manager?

• A)You are correct.
• B)I'm sorry,but there is a slight negative bias.
• C)I'm sorry,but there appears to be a slight positive bias.
• D)There is no way to estimate bias with the given information.

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Definitions:

Legal Minimum Wage

The lowest hourly rate that employers can legally pay their workers, as mandated by government law.

Employment

The condition of having paid work or owning a business that generates regular income.

Winner-Take-All Markets

Economic markets in which a small number of participants receive a large majority of gains, while the rest receive little or nothing.

Nominal Wages

See Money Wages.