When Robots Are Used to Replace Workers on a Factory

question 392

Multiple Choice

When robots are used to replace workers on a factory production line, the wage gap between skilled and unskilled workers

• A)will increase only if the company can increase the price of its product.
• B)is likely to increase.
• C)is likely to decrease.
• D)will not change.

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Definitions:

Confidence Interval

Range or interval of values with a stated probability of containing an unknown population parameter.

Mean

The mean is the average of a data set, calculated by adding all the numbers together and then dividing by the count of those numbers.

Confidence Limits

Lower and upper boundaries of a confidence interval.

Confidence Interval

A range of values, derived from sample data, that is likely to contain the value of an unknown population parameter.