If the Average Age Was $7

question 40

Multiple Choice

If the average age was $7.67 per hour in 1998 and $14.90 per hour last month, what is the index of hourly wages for last month based on the 1998 information?

• A) 100.0
• B) 186.9
• C) 151.5
• D) 194.3

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Definitions:

Poisson Distribution

A probability distribution that measures the probability of a given number of events happening in a fixed interval of time or space.

Errors Per Line

A metric used in software and document quality control that indicates the average number of errors found per line of code or text.

ATM

Automated Teller Machine, an electronic banking outlet that allows customers to complete basic transactions without the aid of a branch representative or teller.

Continuous Random Variable

A variable that can take an infinite number of values within a given range, representing quantities that can be measured on a continuum.