An Employee Earned $12

question 30

Short Answer

An employee earned $12.50 per hour and worked 40 hours. The employer subtracted $56 for income taxes and other necessary deductions. Compute the amount the employee had left to spend.

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Definitions:

Sharpe Ratio

A metric used to evaluate the risk-adjusted return of an investment portfolio, indicating how much excess return you receive for the extra volatility of holding a riskier asset.

Standard Deviation

A measure of the amount of variation or dispersion of a set of values, indicating how spread out the values are from the average.

Standard Deviation

A statistical measure of the dispersion or spread in a set of data, indicating how much variation exists from the average.