Listed Below Is the Box Plot of Average Earnings Ratio

question 79

Multiple Choice

Listed below is the box plot of average earnings ratio for full-year, full-time male workers from 1999 to 2008: From this we can interpret that the range of average earnings for men for the years 1999-2008 was approximately:

• A) $400
• B) $900
• C) $2,000
• D) $3,000
• E) $3,900

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Definitions:

Time And Materials Contract

A contract agreement where payment is based on the actual labor hours worked and materials used.

Labor-Hour Contract

A contract in which payment is made based on the number of hours worked, typically used for projects where the scope is not clearly defined.

Hourly Rate

The amount of money paid for each hour of work.

Incentive Fee Contract

A contract type that provides additional compensation to the contractor for exceeding performance targets.