Which of the Following Two Statements Is a Positive Statement

question 1

Multiple Choice

Which of the following two statements is a positive statement? Which is a normative statement?
I. The federal minimum wage in 2014 was $7.25 an hour.
II. The minimum wage should be high enough that families will not live in poverty.

• A)I is positive; II is normative.
• B)I is positive; II is positive.
• C)I is normative; II is positive.
• D)I is normative; II is normative.

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Definitions:

Chebysheff's Theorem

A statistical theorem stating that for any data set or distribution, no matter the shape, a minimum proportion of values must lie within a certain number of standard deviations from the mean.

Standard Deviation

A measure of the amount of variation or dispersion in a set of values, indicating how spread out the values are around the mean.

Sales Receipts

Documents that provide proof of a transaction between a buyer and a seller.

Geometric Mean

The geometric mean is a measure of central tendency that is calculated by taking the nth root of the product of n numbers, often used for rates and ratios.