If the Wages of Workers for a Given Company Are

question 11

Multiple Choice

If the wages of workers for a given company are normally distributed with a mean of $15 per hour,then the proportion of the workers earning more than $13 per hour:

• A)Is greater than the proportion earning less than $13 per hour.
• B)Is greater than the proportion earning less than $18 per hour.
• C)Is less than 50%.
• D)Is less than the proportion earning more than the mean wage.
• E)Is less than the proportion earning more than $14 per hour.

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Definitions:

GATT

The General Agreement on Tariffs and Trade, an international treaty that aimed to reduce tariffs and other trade barriers; precursor to the World Trade Organization.

Economists

Experts in the study of economics, focusing on the distribution, consumption, and production of goods and services.

Net Exports

The value of a country's total exports minus its total imports; a positive value indicates a trade surplus, while a negative value indicates a trade deficit.

Gross Savings

The total amount of savings generated within an economy, including personal, business, and government savings, before accounting for depreciation.