Edsel Worked More Overtime Than Any Other Autoworker, but Received

question 1

Multiple Choice

Edsel worked more overtime than any other autoworker, but received less pay than others doing the same job.According to equity theory, which of the following will result in a happy Edsel?

• A)Edsel will tell his colleagues that he is being paid unfairly.
• B)Edsel's company will have to pay Edsel the same salary that it pays the other workers who work fewer hours.
• C)Edsel will have to stop working overtime.
• D)Edsel will have to quit his job and look for something better.

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Definitions:

Weighted Average

An average that accounts for the different weights or importance of certain factors or quantities in the dataset.

Sample Variances

Sample variances measure the dispersion or spread of data points in a sample around their sample mean, indicating the degree of variation within the sample.

Expected Value

The long-run average value of repetitions of the experiment it represents, known in statistics as the mean of the probability distribution.

Sample Means

Sample Means are the averages calculated from a sample, used as estimates of the population mean.