Your Employer Has Asked You to Start Working Overtime and Has

question 452

Multiple Choice

Your employer has asked you to start working overtime and has offered to pay $18 per hour for every hour you work beyond forty hours a week. The wage rate for each of the first forty hours will continue to be the usual $15 per hour. In terms of dollars, what is the marginal benefit of working each hour of overtime?

• A) zero
• B) $3.00
• C) $15.00
• D) $18.00

---

Definitions:

Sample Proportion

The quotient of the number of successful outcomes to the total number of observations in a sample, often used as an estimate of the population proportion.

Number of Fish Tanks

The count of containers used to hold fish, typically utilized for keeping aquatic pets or for breeding.

Sample Mean

The average value of a sample, which is a subset of a larger population, used to estimate the population mean.

Without Replacement

A sampling method where each selected unit is not returned to the population before the next unit is selected.