Incomes of Workers in an Automobile Company in Michigan Are

question 86

Multiple Choice

Incomes of workers in an automobile company in Michigan are known to be right - skewed with a mean equal to $36,100. If at least 8/9 of all incomes are in the range of $29,600 to $42,800, and this was based on Tchebysheff's Theorem, what is the standard deviation for the auto workers?

• A) $6,500
• B) $6,700
• C) Approximately $4,755
• D) $2,200
• E) $2,600

---

Definitions:

APC

Average Propensity to Consume; the ratio of total consumption to total disposable income.

45-Degree Line

A graphical representation in economics, typically used in Keynesian cross diagrams, showing points where aggregate expenditure equals total output or income.

C Line

A reference in economic models, often representing the consumption function, which shows the relationship between consumption and disposable income.

Disposable Income

The financial scope households possess for spending and saving activities, following income taxes.