Employees in a company are put into four wage groups. During a three-year period the numbers employed

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Employees in a company are put into four wage groups. During a three-year period the numbers employed in each group and the average weekly wage are as follows.

Use different indices to describe the changes in wages paid and the numbersemployed.

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Quantitative Methods For Business

ISBN: 978-0273739470

5th edition

Authors: Donald Waters

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Question Posted: Sep 20, 2012 12:19 AM

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Employees in a company are put into four wage groups. During a three-year period the numbers employed

Question:

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

Step by Step Answer:

The two most obvious indices for this are a base weighted i...View the full answer

Quantitative Methods For Business

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