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The Average Wage of Tennessee Cashiers Is $14 Per Hour

question 20

Essay

The average wage of Tennessee cashiers is $14 per hour with a standard deviation of $4.20. In Georgia, the average wage of cashiers is $16 with a standard deviation of $4.40. In which state do the wages of cashiers appear to be more dispersed?


Definitions:

Investment

Assets or items acquired with the goal of generating income or appreciation in the future.

Annual Effective Rate

The interest rate that is adjusted for compounding over a given period, showing the real return on savings or cost of borrowing.

Nominal Rate

The interest rate or rate of return quoted on a loan or investment, not adjusted for inflation.

Compounding Intervals

The frequency with which interest is added to the principal balance of an investment, affecting the total interest earned over time.

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