Which of the Following Statements Is Correct

question 34

Multiple Choice

Which of the following statements is correct?

• A) An advantage of a minimum-wage law is that it may benefit unskilled workers who are not low-income workers.
• B) An advantage of a negative income tax program is that a poor person who chooses not to work many hours would receive a cash benefit.
• C) An advantage of an Earned Income Tax Credit (EITC)is that a person who is unable to work due to a disability does not benefit from the program.
• D) Following the reform of welfare in 1996 there was a large decrease in the welfare rolls.

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Definitions:

Magazines

Publications, usually periodical, that contain articles, stories, and advertisements.

Standard Deviation

A measure of the dispersion or spread of a set of data points relative to its mean, indicating how widely the values differ from the average.

Sample Mean

The sample mean is the average value in a sample, calculated by adding all the sample values together and dividing by the number of samples, representing the central tendency of the sample.

Binomial Probability

The probability of achieving a specific number of successes in a fixed number of independent trials, where each trial has two possible outcomes.