If Identical Workers Are Paid an Extra $1 Per Hour

question 65

Multiple Choice

If identical workers are paid an extra $1 per hour to work the night shift,then one can conclude that:

• A)workers who work the day shift should also be paid an extra $1.
• B)the night shift is intrinsically more attractive to all workers.
• C)the value of working the day shift is at least $1 per hour to some workers.
• D)the marginal product of night shift workers is higher than the day shift workers.

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Definitions:

Sample Proportion

The fraction or percentage of the sample that reflects a particular trait or attribute of interest.

Central Limit Theorem

A statistical theory that states that, given a sufficiently large sample size from a population with a finite level of variance, the mean of all samples from the same population will be approximately equal to the mean of the population.

Sample Mean

The average value of a set of observations or measurements taken from a sample.

Standard Error

A statistic that measures the variability or spread of sampling distribution means.