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A manager for Marko Manufacturing, Inc. has recently been hearing some complaints that women are being paid less than men for the same type of work in one of their manufacturing plants. The box plots shown below represent the annual salaries for all salaried workers in that facility (40 men and 34 women).
-Would you conclude that there is a difference between the salaries of women and men in this plant? Justify your answer.
Market Equilibrium
The point at which the supply of goods matches demand, causing stable prices.
Incentives
Factors or rewards that motivate individuals or organizations to perform an action or behave in a certain way.
Incomes
The monetary payment received for goods or services, or from other sources like investments, typically measured over a set period of time.
Spend
The process of spending money to acquire goods or services.
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