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MsMandelblatt Made $25,000 in 1990,the Base Year

question 17

Essay

Ms.Mandelblatt made $25,000 in 1990,the base year.By 1995 she was earning $40,000.If the CPI was at 150 by 1995,how much were Ms.Mandelblatt real wages that year and by what percentage had they changed since 1990?


Definitions:

Distribution of Scores

A representation, often in graph form, of how frequently different values occur within a set of data.

Median

The middle score in a distribution; half the scores are above it and half are below it.

Actor-Observer Effect

A psychological phenomenon where individuals attribute their own actions to external factors but others' actions to their personalities or dispositions.

Behaviour

The actions or reactions of a person or animal in response to external or internal stimuli.

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