Sam Steward is a freelance Web page designer. Listed are his yearly wages between 2015 and 2018.

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Sam Steward is a freelance Web page designer. Listed are his yearly wages between 2015 and 2018. Also included is an industry index for Web page designers that reports the rate of wage inflation in the industry. This index has a base period of 2010.

Year Wage ($000) Index (2010 = 100) 2015 134.8 160.6 2016 145.2 173.6 2017 156.6 187.9 2018 168.8 203.3

Compute Sam’s real income for the selected years during the 4-year period. Did his wages keep up with inflation, or did he lose ground?

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Statistical Techniques In Business And Economics

ISBN: 9781260239478

18th Edition

Authors: Douglas Lind, William Marchal, Samuel Wathen

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Question Posted: Dec 14, 2020 12:35 AM

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Sam Steward is a freelance Web page designer. Listed are his yearly wages between 2015 and 2018.

Question:

Year Wage ($000) Index (2010 = 100) 2015 134.8 160.6 2016 145.2 173.6 2017 156.6 187.9 2018 168.8 203.3

Step by Step Answer:

Sams real wages decreased from 83940 in 2015 to 83030 in 201...View the full answer

Statistical Techniques In Business And Economics

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