Though the Estimates May Not Be Very Accurate at All

question 16

Multiple Choice

Though the estimates may not be very accurate at all, it appears that

• A) as many as one of every three adults in Latin American cities does not have a steady job.
• B) income distribution may be evening out, if extremely slowly.
• C) the number of professionals, landowners, and business owners is growing, with more of them coming from within the country than was the case in earlier years.
• D) unskilled urban workers are earning a great deal more than they ever have before.
• E) industrial workers in most countries have begun to participate actively in local politics, with some even being elected to the legislatures.

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Definitions:

Normal Time

The average time that a worker takes to complete a specific task under normal working conditions, considering both productive and unproductive time.

Standard Time

indicates the amount of time that should be taken to complete a particular job or task, typically determined through time studies and used for planning and benchmarking.

Variable Allowance

An additional time or financial buffer incorporated into estimates or plans to accommodate uncertainty or variations from the norm.

Standard Deviation

A measure indicating the amount of variability or dispersion in a set of related values.