You Have Surveyed Five Companies and Obtained the Following Data

question 41

Multiple Choice

You have surveyed five companies and obtained the following data regarding the midpoints of the base pay range for the job of "benefit clerk" and the number of employees employed at each company performing that role: $32,000 (Company A with 10 employees) , $31,000 (Company B with 20 employees) , $30,000 (Company C with 20 employees) , $29,000 (Company D with 10 employees) , and $29,000 (Company E with 40) . What is the weighted mean for this set of data?

• A) $30,200
• B) $30,000
• C) $29,900
• D) $29,000

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Definitions:

P-values

The probability under a specified statistical model that a statistical summary of the data would be equal to or more extreme than its observed value.

Sick Leave

Authorized absence from work granted to employees who are unable to work due to illness, with policies varying by employer.

Perfect Attendance

Refers to the achievement of being present at every scheduled session of a particular event or institution, such as school or work, without any absences.

Incentive Program

A business strategy designed to motivate and reward employees to exceed normal work performance standards.