A COLA Automatically Raises the Wage When

question 100

Multiple Choice

A COLA automatically raises the wage when

• A)GDP increases.
• B)taxes increase.
• C)the consumer price index increases.
• D)the producer price index increases.

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Definitions:

Random Variable X

A variable whose possible values are numerical outcomes of a random phenomenon.

Number Of Children

The count of offspring a person or population has.

Probability Model

A mathematical representation that defines the likelihood of various outcomes in a random process.

Fair Die

A die that has an equal chance of landing on any of its faces when thrown.