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meriva
3 years ago
12

If there is a floor on wages created by a minimum wage, union contracts, or other factors, then a decline in the marginal produc

tivity of low-skilled workers will ______ the demand for low-skilled workers and ______ the number of unemployed workers.
Business
1 answer:
olga55 [171]3 years ago
5 0

Answer:

Decrease; Increase

Explanation:

When there is a decline in the marginal productivity of low skilled workers, it results in a decline or decrease in the demand for low skilled workers. Marginal productivity is the extra output gained from adding one unit of labour. Thus, if low skilled workers are added to increase marginal productivity, but then reaches the point of decline, the demand or the need for those low skilled workers reduces. The reduction or decrease in the demand for these low skilled workers then lead to an increase in number of unemployed workers as those unskilled workers becomes jobless.

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The process of preventing exceptions from causing runtime errors is called
Molodets [167]
The process of preventing exceptions from causing runtime errors is called exception handling.
This type of handling deals with exceptions in particular, which are all anomalies that will prevent the computer from doing its usual job. So those exceptions will be handled even before they get the chance to cause errors which will disturb the operations that the computer is carrying out. 
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The long-time CEO of a large paper company is retiring. the members of the board want to make sure that the new person they hire
saul85 [17]
<h2>Leadership quality is required for the CEO</h2>

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  • Proven leadership qualities
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7 0
4 years ago
Identifying and assessing a company’s resource strengths and weaknesses and its external opportunities and threats is called: Se
DiKsa [7]

Answer:

The correct answer is letter "C":  SWOT analysis.

Explanation:

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6 0
3 years ago
Domino's pizza claims that its mean delivery time has a mean of at most 30 minutes. A random selection of 16 delivery times was
Black_prince [1.1K]

Answer:

a) Check Explanation

b) The p-value obtained is greater than the significance level at which the test was performed, hence, there isn't enough evidence to support the claim and conclude that the mean delivery time for Domino's Pizza is less than 30 minutes.

Explanation:

a) The assumptions required to conduct a suitable t-test about a mean include

- The data must be obtained from a random sample of the whole population (simple random sample).

- Individual sample data values are expected to be independent of one another.

- The sampling distribution should be normal or approximately normal.

b) For hypothesis testing, the first thing to define is the null and alternative hypothesis.

The null hypothesis plays the devil's advocate and usually takes the form of the opposite of the theory to be tested. It usually contains the signs =, ≤ and ≥ depending on the directions of the test.

While, the alternative hypothesis usually confirms the the theory being tested by the experimental setup. It usually contains the signs ≠, < and > depending on the directions of the test.

For this question, we want to investigate if the mean delivery time for the Domino's Pizza is truly less than 30 minutes.

Hence, the null hypothesis is that there isn't enough evidence to conclude that the mean delivery time for Domino's Pizza is less than 30 minutes. That is, the mean delivery time for Domino's Pizza is greater than 30 minutes.

The alternative hypothesis will now be that there is significant evidence to conclude that the mean delivery time for Domino's Pizza is less than 30 minutes.

Mathematically,

The null hypothesis is given as

H₀: μ ≥ 30 minutes

The alternative hypothesis is given as

Hₐ: μ < 30 minutes

To do this test, we will use the t-distribution because no information on the population standard deviation is known

So, we compute the t-test statistic

t = (x - μ)/σₓ

x = sample mean = 28.5 minutes

μ₀ = The standard we are comparing against = 30 minutes

σₓ = standard error = [σ/√n]

σ = Sample standard deviation = 3.5 minutes

where n = Sample size = 16

σₓ = [3.5/√16] = 0.875

t = (28.5 - 30) ÷ 0.875

t = -1.71

checking the tables for the p-value of this t-statistic

Degree of freedom = df = n - 1 = 16 - 1 = 15

Significance level = 0.01

The hypothesis test uses a one-tailed condition because we're testing only in one direction.

p-value (for t = -1.71, at 0.01 significance level, df = 15, with a one tailed condition) = 0.053932

The interpretation of p-values is that

When the (p-value > significance level), we fail to reject the null hypothesis and when the (p-value < significance level), we reject the null hypothesis and accept the alternative hypothesis.

So, for this question, significance level = 0.01

p-value = 0.053932

0.053932 > 0.01

Hence,

p-value > significance level

This means that we fail to reject the null hypothesis & say that there isn't enough evidence to conclude that the mean delivery time for Domino's Pizza is less than 30 minutes.

Hope this Helps!!!

6 0
3 years ago
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