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Cyrus is a tipped employee in Illinois. He is single with one withholding allowance and the minimum cash wage in Illinois is $4.95 per hour for a 40-hour workweek. The tip credit in Illinois is $3.30 per hour (i.e., the minimum wage in Illinois is $8.25 per hour) , and tips are included in
Overtime calculations. During a one-week period, Cyrus worked 52 hours and earned $180 in tips. What is his gross pay? (Do not round
Intermediate calculations. Round your answer to 2 decimal places.)
Confidence Interval
An interval of values, sourced from statistical sampling, that is likely to maintain the value of a covert population parameter.
Population Variance
The variance calculated from the entire population of data points, providing a measure of how much the data points in the population differ from the mean.
Alternative Hypothesis
The hypothesis that proposes a difference or relationship exists among groups or variables, opposite to the null hypothesis.
Significance Level
The probability of rejecting the null hypothesis in a statistical test when it is actually true, used as a measure of the threshold of statistical significance.
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