The Average Hourly Wage of Computer Programmers with 2 Years

question 39

Multiple Choice

The average hourly wage of computer programmers with 2 years of experience has been $21.80. Because of high demand for computer programmers, it is believed there has been a significant increase in the average hourly wage of computer programmers. To test whether or not there has been an increase, the correct hypotheses to be tested are

• A) H₀: μ < 21.80 H_a: μ ≥ 21.80.
• B) H₀: μ = 21.80 H_a: μ ≠ 21.80.
• C) H₀: μ > 21.80 H_a: μ ≤ 21.80.
• D) H₀: μ ≤ 21.80 H_a: μ > 21.80.

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Definitions:

Income Statement

A financial statement that shows a company's revenues, expenses, and profits or losses over a specific period.

Departmental Contribution Margin

Departmental Contribution Margin refers to the contribution margin as calculated for specific departments within a company, showing the profit contribution of each department.

Separate Accounting Records

The practice of maintaining distinct records for different parts of a business's operations or for individual entities, ensuring clarity and precision in financial tracking.

Departments

Specific units or divisions within a business that have their own functions and responsibilities.