Consider Table 5-1 and compare the fatality rate of workers in the mining, construction, manufacturing, and financial industries? (a) What
(a) What would the distribution of wages look like across these four industries given the compensating differential they might have to pay to compensate workers for risk?
(b) Now look at average hourly earnings in 2006 by industry as reported in Table 614 of the 2008 U.S. Statistical Abstract. Does the actual distribution of wages reinforce your answer to part (a)? If not, what else might enter the determination of median weekly earnings?
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...
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Question Posted: March 29, 2016 07:24:05