Salary Conversions You Learn That Your Company Is Sending You

question 75

Short Answer

Salary conversions You learn that your company is sending you and several other employees to staff a new office in China. While there everyone will earn the equivalent of their current salary, converted to Chinese currency at the rate of 8 yuans per dollar. In addition, everyone will earn a weekly foreign living allowance of 200 yuans. For example, since you are earning $1000 per week, your weekly salary in China will be
1000 × 8 + 200 = 8200 yuans.
a. Shown are some summary statistics describing the current salaries of this group being sent overseas. Fill in the table to show what these statistics will be for the salaries you all will earn while in China.
$\begin{array}{|l|c|l|}\hline \text { Statistic} & \text {In the US} & \text { In China} \\\hline \text { Minimum salary} & \$ 400 & \\\hline \text { Standard deviation} & \$ 250 & \\\hline \text {Median} & \$ 750 & \\\hline \text { IQR }& \$ 300 & \\\hline\end{array}$

b. Among this group of employees going to China, your US salary has a z-score of +1.20. What will your new z-score be, based on everyone's China salary?

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Definitions:

Non-associative Learning

A form of learning in which an organism becomes more (or less) responsive to a repeated stimulus over time, without the need for association between different stimuli.

Cognitive Model

A framework used in cognitive psychology and cognitive therapy that describes how thoughts, feelings, and behaviors interact and influence mental health and behavior.

Classical Learning

Classical learning is a term often used to describe classical conditioning, a foundational concept in psychology where a neutral stimulus becomes associated with a meaningful stimulus, eliciting a conditioned response.

Stimulus Generalization

Learning that occurs when stimuli that are similar but not identical to the conditioned stimulus produce the conditioned response.