A Useful Counting Method That Enables Us to Count the Number

question 124

Multiple Choice

A useful counting method that enables us to count the number of experimental outcomes when x objects are to be selected from a set of n objects, where the order of selection is NOT important is:

• A)a combination
• B)a permutation
• C)the multiplication method
• D)joint probability table
• E)none of the above

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Definitions:

Compensating Differential

A difference in wage rates designed to offset the desirability or undesirability of a job or job conditions.

Compensating Differential

A difference in wage rates designed to offset the desirability or undesirability of a job's attributes.

Human Capital

The collective skills, knowledge, or other intangible assets of individuals that can be used to create economic value for the individuals, their employers, or their community.

Compensating Differential

A difference in wages that arises to compensate workers for non-monetary differences in different jobs, such as risk or undesirable location.