If the Nominal Wage Is $25 Per Hour and the Consumer

question 74

Multiple Choice

If the nominal wage is $25 per hour and the consumer price index (CPI) is 1.75, then the real wage is

• A)$14.29.
• B)$23.25.
• C)$26.75.
• D)$43.75.
• E)$25.00.

Recognize the purpose and design of randomized block experiments, including blocking variables.

Calculate and interpret sum of squares in ANOVA, including total, treatment, and error.

Understand the concepts of Type I error and experimentwise error rate in the context of multiple testing.

Understand the differences between fixed-effects and random-effects ANOVA.