Kim Received $1,850 for Working 40 Hours

question 27

Multiple Choice

Kim received $1,850 for working 40 hours.What was Kim's rate of pay per hour?

• A)$46.25
• B)$44.00
• C)$45.00
• D)$40.00

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Definitions:

Decision-making Process

The cognitive process leading to the selection of a course of action among several alternatives based on criteria or judgment.

Minimize Costs

Minimizing costs involves strategies and actions taken to reduce expenses and improve efficiency in operations, aiming to increase profitability.

Expected Value

The projected value of a variable, calculated as an average weighted by probabilities in statistical analysis.

Expected Monetary Value

A statistical technique to calculate the average outcome when the future includes scenarios that may or may not happen.