The Distribution of Salaries in the American Population Is Not

question 18

Multiple Choice

The distribution of salaries in the American population is not symmetrical.Most salaries are bunched together at the lower end of the distribution.As salaries increase,there are fewer and fewer people with these salaries.The shape of the graph produced by this distribution would be (Hint: Drawing a picture of the distribution may be helpful. )

• A)a normal bell-shaped curve.
• B)negatively skewed.
• C)positively skewed.
• D)mesokurtic.

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Definitions:

Output

The amount of goods or services produced by a company, industry, or country within a specific period.

Cost

The monetary value spent to produce or obtain goods and services, including manufacturing, material, labor, and overhead costs.

Units

Basic quantities or measures adopted to quantify and measure goods, services, or any other items.

Production Function

A mathematical representation that explains how inputs in production are related to the goods or services produced.