The Average Hourly Wage of Workers at a Fast Food

question 40

Multiple Choice

The average hourly wage of workers at a fast food restaurant is $6.50/hr. Assume the wages are normally distributed with a standard deviation of $0.45. If a worker at this fast
Food restaurant is selected at random, what is the probability that the worker earns more
Than $6.75?

• A) 5.2%
• B) 28.8%
• C) 42.1%
• D) 27.6%

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Definitions:

Rebuilding Trust

The process of regaining confidence and reliability in a relationship, organization, or system after it has been damaged or broken.

Brand Equity

The value and strength of a brand that determines its worth, based on consumer's perceptions, recognition, and loyalty.

Loyal Customers

Consumers who repeatedly purchase goods or services from the same business due to satisfaction, convenience, or value.

Recognizable Goods

Products that are easily identified by consumers due to their distinct characteristics, branding, or reputation in the marketplace.