High-Skilled Workers Earn More Than Low-Skilled Workers in Part Because

question 99

Multiple Choice

High-skilled workers earn more than low-skilled workers in part because the high-skilled workers have

• A) a higher value of marginal product.
• B) a lower value of marginal product.
• C) better health.
• D) fewer deductions.
• E) a greater supply than do low-skilled workers.

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Definitions:

Sampling Error

The difference between a statistic derived from a sample and the corresponding statistic of the entire population, due to chance variation in selecting the sample.

Population

The entire group of individuals or items that a researcher or statistician is interested in studying.

Representative Sample

A fraction of the population that truly represents the attributes of the entire group.

Null Hypothesis

A statement or assumption that there is no relationship or effect in the population from which a sample was drawn, in statistical testing.