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:

Probabilities

The measure of the likelihood that an event will occur, quantified as a number between 0 and 1.

Intuitive Thinkers

Individuals who rely on intuition and instinct rather than logical analysis when making decisions.

Step-by-step Fashion

A methodical approach where a task or process is broken down into smaller, manageable steps to be followed in sequence.