Employees in a company are put into four wage groups. During a three-year period the numbers employed
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Use different indices to describe the changes in wages paid and the numbersemployed.
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Year 1 Year 2 Year 3 Group Number Wage Number Wage Number Wage 45 122 63 125 55 205 12!5 245 66 9 133 211 132 268 473 143 224 293 521 60 71 13 4 7 408
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The two most obvious indices for this are a base weighted i...View the full answer
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