Business, 10.04.2020 20:27 zamyapritchard5

Consider a population of workers made up of 10 women and 10 men. Nine of the women earn an hourly wage of $10, while the tenth woman earns an hourly wage of $30. All ten men earn an hourly wage of $12. Which of the following statements is correct?

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The female-male wage ratio is less than 1 if one uses median wages to compute the ratio and is less than 1 if one uses mean wages to compute the ratio.

The female-male wage ratio is exactly equal to 1 if one uses median wages to compute the ratio and is exactly equal to 1 if one uses mean wages to compute the ratio.

The female-male wage ratio is less than 1 if one uses median wages to compute the ratio but is exactly equal to 1 if one uses mean wages to compute the ratio.

The female-male wage ratio is exactly equal to 1 if one uses median wages to compute the ratio but is less than 1 if one uses mean wages to compute the ratio.

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Consider a population of workers made up of 10 women and 10 men. Nine of the women earn an hourly wa...

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