Table 20-15 -Refer to Table 20-15

question 22

Multiple Choice

Table 20-15
$$\begin{array} { | c | c | c | } \hline \text { Year } & \begin{array} { c } \text { Nominal Average } \\\text { Hourly Earnings }\end{array} & \text { CPI } \\\hline 2014 & \$ 10 & 100 \\\hline 2015 & 10 & 105 \\\hline 2016 & 12 & 110 \\\hline\end{array}$$
-Refer to Table 20-15.Looking at the table above,real average hourly earnings in 2014 were

• A)$9.
• B)$9.52.
• C)$10.
• D)$12.63.

---

Definitions:

Mass Production Line

A method of manufacturing that uses assembly lines and automation to produce a large number of identical items quickly.

Significance Level

The probability of rejecting the null hypothesis when it is actually true, often represented by alpha (α).

Production Line 1

Generally refers to the assembly or manufacturing sequence in a factory where a specific product is produced.

Pooling

The act of combining data or resources from different sources or groups to form a single set, often done to increase statistical power or to facilitate analysis.