According to the Bureau of Labor Statistics It Takes an Average

question 88

Multiple Choice

According to the Bureau of Labor Statistics it takes an average of 16 weeks for young workers to find a new job.Assume that the probability distribution is normal and that the standard deviation is two weeks.What is the probability that 20 young workers average less than 15 weeks to find a job?A.0.0125

• A) 0.0225
• B) 0.0450
• C) 0.0375

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Definitions:

Management Decisions

Choices or judgments made by the management of an organization regarding its operations, strategy, and resource allocation.

Seniority-Based

A system or practice where decisions on promotions, layoffs, and benefits are made based on the length of an employee's service within an organization.

Union-Mandated

Requirements or actions imposed by labor unions, often through collective bargaining or union regulations, that employers must follow.

Management Rights

The prerogatives and authorities held by employers to direct and control business operations, including hiring, work assignments, and discipline.