Suppose a Typical Worker in India Can Produce 32 Units

question 24

Multiple Choice

Suppose a typical worker in India can produce 32 units of product in an eight-hour day,while a typical worker in Bangladesh can produce 30 units of product in a 10-hour day.We can conclude that

• A)worker productivity in Bangladesh is higher than in India.
• B)the standard of living will likely be higher in India than in Bangladesh.
• C)productivity is 4 units per hour for the worker in Bangladesh and 3 units per hour for the worker in India.
• D)there will be no difference between the standard of living in India and Bangladesh.

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Definitions:

Interquartile Range

The difference between the 25th and 75th percentiles of a dataset, representing the middle fifty percent of the data.

Data

Information collected for reference or analysis, often numerical in nature, used to calculate or demonstrate patterns.

Squared Deviation

The square of the difference between an observed value and the mean, used in statistical analysis to measure variance.

Mean

The arithmetic average of a set of values, calculated by summing all the values and then dividing by the number of values.