Ask question

Ask question

All categories

Nimfa-mama [501]

3 years ago

13

If the secular trend of labor productivity rises from 2 percent per year to 4 percent, the number of years that it will take for

the standard of living to double will decline by about:____________
A) 23.8 years. B) 5.2 years. C) 17.5 years. D) 10.1 years.

1 answer:

QveST [7]3 years ago

6 0

Answer:

C. 17.5 years

Explanation:

You might be interested in

Trent Automobiles Inc. was expecting a large shipment of scrap metal a week earlier. As the shipment did not arrive on time, the

elena-s [515]

Answer:

Lack of efficiency.

Explanation:

As Trent Automobiles Inc. was expecting a large shipment of scrap metal and due to the fact that it could not arrive on time, the only way to compensate the loss was to make an urgent order for same quantity of scrap metal from a local manufacturer, which led the company to compromise on the quality. If proper track was kept and all the upcoming scenarios had been calculated before hand with a ready substitute raw materials before hand, this would have been not the result. Thus, this indicates a complete lack of efficiency from the side of management of the company.

8 0

3 years ago

14. Two alternative measures of the overall level of prices are a. the inflation rate and the consumer price index. b. the infla

san4es73 [151]

Answer:

c. the GDP deflator and the consumer price index.

Explanation:

Two alternative measures of the overall level of prices are the GDP deflator and the consumer price index.

The GDP deflator can be defined as a measure of the changes in prices for all of the finished goods and services produced domestically in an economy in a particular period of time, usually a year. This simply means that, the gross domestic product deflator measures the inflation in an economy.

Consumer price index (CPI) can be defined as a measure of the aggregate or average changes in price level of a weighted market basket of finished goods and services that consumers purchased over a specific period of time. The CPI is also a measure of the inflation in an economy over a specific period of time.

5 0

3 years ago

If an employess is not liking the change in the work process he should

Margaret [11]

Learn and accommodate

hope this helped :)

3 0

3 years ago

The distribution of 27 salaries at a small company has mean $35,000 and standard deviation $2,000. Suppose the company hires a 2

bonufazy [111]

Answer:

Correct option is (c)

Explanation:

Mean is the average of values in a data set. Range is the difference between highest and lowest values in the data set and median is the mid point (value) that separates lower and higher values in a data set.

If a data point is added, in this case 28th employee is added, definitely mean will change. If data point higher than existing mean is added, then mean will increase. Median and range may or may not change depending on the value added or removed.

In this case, mean is likely to increase since 28th employee's salary is more than existing mean.

7 0

2 years ago

Advertising expenses are a significant component of the cost of goods sold. Listed below is a frequency distribution showing the

Sonbull [250]

Answer:

Mean = 47

Median = 47.38

Standard Deviation = 12.73

Explanation:

Note: You wrote " 40 manufacturing companies, but the total number of companies you actually listed is 75, definitely you meant 75.

Let y represent the range of advertising expenditure, f represent the number of companies, x represent the midpoint of the range of advertising expenditure.

y f x fx fx²

$20 to under $30 9 25 225 5625

$30 to under $40 13 35 455 15925

$40 to under $50 21 45 945 42525

$50 to under $60 18 55 990 54450

$60 to under $70 14 65 910 59150

n = 75 $\sum fx = 3525$

$\sum fx^2 = 177675$

Mean, $\bar{X} = \frac{\sum fx}{n}$

$\bar{X} = \frac{3525}{75} \\\bar{X} = 47$

Standard Deviation:

$SD = \sqrt{\frac{n \sum fx^2 - (\sum fx)^2}{n(n-1)} } \\SD = \sqrt{\frac{(75*177675) - (3525)^2}{75(75-1)} }\\SD = 12.73$

Median:

Get the cumulative frequencies(cf)

y f cf

$20 to under $30 9 9

$30 to under $40 13 22

$40 to under $50 21 43

$50 to under $60 18 61

$60 to under $70 14 75

N = 75

Median = Size of (N/2)th item

Median = Size of (75/2)th item

Median = Size of (37.5)th item

The median class = 40 to under 50

Lower limit, L₁ = 40

Cumulative frequency, cf = 22

f = 21

Class Width, h = 10

Median = $L_1 + \frac{ (N/2) - cf}{f} * h\\$

Median = $40 + \frac{ (75/2) - 22}{21} * 10\\$

Median = 47.38

8 0

3 years ago