A Non-Exempt Employee's Usual Pay Is $800/wk, Based on a 40/hr

question 5

Multiple Choice

A non-exempt employee's usual pay is $800/wk, based on a 40/hr week. This week he works 50/hrs. His regular hourly rate of pay is ______.  His total pay for this week should be _______.

• A)$800/wk; $800
• B)$16/hr; $1100
• C)$20/hr; $1000
• D)$20/hr; $1100

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Definitions:

Moving Averages

Moving averages are statistical measures used to analyze data points by creating a series of averages of different subsets of the full data set.

Mean Absolute Deviation

The average of the absolute differences of each data point from the data set's mean.

Smoothing Constant

A coefficient used in exponential smoothing to weight the relevance of historical data.

Autoregressive Model

A statistical model that predicts future behavior based on past values.