Answer:
identifying data required to validate a concept
An efficiency wage is a higher wage paid to reward workers who show greater productivity. Option D is correct.
<h3>What is the Efficiency wage?</h3>
Wages provided to employees over the minimum wage in order to retain a trained and efficient staff are referred to as efficiency wages. Adam Smith defined a type of pay disparity in the 18th century, in which workers in some businesses are paid more than others based on the level of trustworthiness necessary.
Employers establish efficiency salaries above the equilibrium wage rate as an incentive for better employee performance. An efficiency wage is a higher wage provided to employees who are more productive.
Therefore, option D is correct.
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Answer: 0.7973
Explanation:
Binomial probability formula :-
, where P(x) is the probability of getting success in x trials , p is the probability of success in one trial and n is the number of trials.
Given : The probability of getting a defect components : 
If randomly select and test 26 components , then the probability that this whole shipment will be accepted will be :-
Hence, the probability that this whole shipment will be accepted = 0.7973
The value that would be assigned to this house if you decide to use it as your office would be $ 425300
<h3>How to solve for the value of the house using opportunity cost</h3>
To get the value of the house, you have to get the opportunity cost of the house. This is the foregone alternative or benefits forgone due to another choice.
The formula is opportunity cost = Apprised Value - Selling costs
The apprised value = $439,500.
selling cost = $14,200
$439,500 - $14,200
= $ 425300
Hence the value that should be assigned to it is $ 425300
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