If Kim's Salary Was $50,000 Last Year, and This Year

question 169

Multiple Choice

If Kim's salary was $50,000 last year, and this year she receives a cost-of-living increase tied to the consumer price index (CPI) , what will her salary be this year assuming the CPI has risen from 110 to 114?

• A) $49,114
• B) $50,114
• C) $50,300
• D) $51,818

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Definitions:

Greater Than

A mathematical term used to compare two values where one is larger than the other, often denoted by the symbol '>'.

Z-scores

Standardized scores that measure the distance of a data point from the mean, expressed in units of standard deviation.

Standard Normal Distribution

A normal distribution with a mean of zero and a standard deviation of one.

Less Than

A mathematical term indicating that one quantity or number is smaller than another.