Fair Share for Hired Hands The Fulkerth family is large, and they have seven hired hands....
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Fair Share for Hired Hands The Fulkerth family is large, and they have seven hired hands. The family has a total of about $20 per week available for salaries. Four of the hired hands are experienced at working on the trail. The other three are on their first trip. It seems fair that the experienced hired hands should get more pay than those without experience. So the Fulkerths decide that there will be one rate for the four experienced workers and another rate for the three without experience. 1. What should each weekly pay rate be? Suggest three possible combinations. The salary total can be a few cents more or less than $20 if that helps you avoid fractions of a penny. 2. Plot your three combinations from Question 1. Use X for the pay rate of an inexperienced hired hand and Y for the pay rate of an experienced hired hand. 3. Connect the points with a straight line. Use this graph to find two more possible pairs. 4. Describe in words how you could compute the weekly pay rate for an experienced hired hand if you knew the rate for an inexperienced hired hand. Assume the weekly total is exactly $20. 5. Express your sentence from Question 4 as an equation, giving Yin terms of X. 6. Check to see if the two new pairs from Question 3 fit the equation from Question 5. Fair Share for Hired Hands The Fulkerth family is large, and they have seven hired hands. The family has a total of about $20 per week available for salaries. Four of the hired hands are experienced at working on the trail. The other three are on their first trip. It seems fair that the experienced hired hands should get more pay than those without experience. So the Fulkerths decide that there will be one rate for the four experienced workers and another rate for the three without experience. 1. What should each weekly pay rate be? Suggest three possible combinations. The salary total can be a few cents more or less than $20 if that helps you avoid fractions of a penny. 2. Plot your three combinations from Question 1. Use X for the pay rate of an inexperienced hired hand and Y for the pay rate of an experienced hired hand. 3. Connect the points with a straight line. Use this graph to find two more possible pairs. 4. Describe in words how you could compute the weekly pay rate for an experienced hired hand if you knew the rate for an inexperienced hired hand. Assume the weekly total is exactly $20. 5. Express your sentence from Question 4 as an equation, giving Yin terms of X. 6. Check to see if the two new pairs from Question 3 fit the equation from Question 5.
Expert Answer:
Answer rating: 100% (QA)
1 One possible combination is 12 for the experienced workers and 8 for the inexperienced workers Another possible combination is 10 for the experienced workers and 9 for the inexperienced workers Another possible combination is 9 for the experienced workers and 10 for the inexperienced workers 2 X8 Y12 X9 Y10 X10 Y9 3 X11 Y8 X7 Y12 4 If the pay rate for an inexperienced worker ... View the full answer
Related Book For
Managing Business Process Flows Principles of Operations Management
ISBN: 978-0136036371
3rd edition
Authors: Ravi Anupindi, Sunil Chopra, Sudhakar Deshmukh, Jan Van Mieg
Posted Date:
Students also viewed these organizational behavior questions
-
A thin 12-cm-long solenoid has a total of 420 turns of wire and carries a current of 2.0A. Calculation the field inside near the center
-
A call center has a total of 12 telephone lines coming into its customer service department, which is staffed by 5 customer service representatives. On average, 2 potential customers call every...
-
A silicon wafer has a total of 400 integrated circuits (ICs) at the beginning of its fabrication sequence. A total of 80 operations are used to complete the integrated circuits, each of which...
-
Determine the vector A-C, given the vectors A and C in the figure. (Figure 1) Figure B (B=26.5) 56.0% (A = 44.0) 28.0 C(C= 31.0) 1 of 1 Determine the magnitude of the vector A - . Express your...
-
Forward Co. reports a net loss of ($ 100,000) this year. In the prior year, net earnings was $ 30,000 and cash flow from operating activities was $ 60,000. Is its quality of earnings higher if cash...
-
Radio signals from Voyager 1 in the 1970s were broadcast at a frequency of 8.4 GHz. On Earth, this radiation was received by an antenna able to detect signals as weak as 4 x 10 -21 W. How many...
-
Thermal cracking of naphtha yields a gas that is to be separated by a distillation train into the products indicated in Figure 9.52. If reasonably sharp separations are to be achieved, determine by...
-
Interpreting regression results, matching time periods, ethics Jayne Barbour is working as a summer intern at Mode, a trendy store specializing in clothing for twenty-some-things. Jayne has been...
-
The Center of Mass of an empty 1500 kg car is 2.50 m behind the front of the car. How far from the front of the car will the Center of Mass be when two people sit in the front seat 2.65 m from the...
-
Pecos Company acquired 100 percent of Suaro's outstanding stock for $1,450,000 cash on 1/1/2014, when Suaro had the following balance sheet: Cash - $37,000 Liabilities - ($422,000) Receivables -...
-
In this discussion, we will explore personality disorders. Personality disorders are characterized by traits that lead to maladaptive behaviors. View the following resources on personality disorders:...
-
The Glass-Steagall Act of 1933 had separated commercial banking from investment banking, which prevented commercial banks from trading in securities. True/False
-
Adelphias overstatement of its number of cable subscribers in its 10-K reports: (a) Is an example of a revenue recognition practice that contravenes GAAP. (b) Caused it to overstate its earnings. (c)...
-
The process in which many loans are pooled together and interests in these pooled loans are sold to investors is known as __________.
-
The term underwriting standards refers to the credit risk standards that lenders require to be met before they will grant a loan to a borrower. True/False
-
Investment banks and mortgage lenders began to invest in CDSs to hedge against claims against them in the event of default on the bonds they had sold or securitized. True/False
-
Question 1 As a financial analyst, you are tasked with pricing a common stock (the intrinsic value). You have gathered these data. Current annual dividend on N stock is $0.78. Dividends are expected...
-
Floyd Distributors, Inc., provides a variety of auto parts to small local garages. Floyd purchases parts from manufacturers according to the EOQ model and then ships the parts from a regional...
-
First Local Bank would like to improve customer service at its drive- in facility by reducing waiting and transaction times. On the basis of a pilot study, the banks process manager estimates the...
-
Reexamine Exercise 5.1. Assume that the capacity waste factors of the paralegals, tax lawyers, and senior partners are 20%, 30%, 35%, respectively. What is the theoretical capacity of the process?
-
Since deregulation of the airline industry, increased traffic and fierce competition have forced Global Airlines to reexamine the efficiency and economy of its operations. As part of a campaign to...
-
Natural gas (methane) flows from a 3-in.-diameter gas main, through a 1-in.-diameter pipe, and into the burner of a furnace at a rate of \(100 \mathrm{ft}^{3} /\) hour. Determine the pressure in the...
-
SAE 30 oil at \(60^{\circ} \mathrm{F}\) flows through a 2-in.-diameter pipe with a mean velocity of \(5 \mathrm{ft} / \mathrm{s}\). Determine the value of the Reynolds number (see Example 1.4)....
-
Calculate the Reynolds numbers for the flow of water and for air through a 4-mm-diameter tube, if the mean velocity is \(3 \mathrm{~m} / \mathrm{s}\) and the temperature is \(30^{\circ} \mathrm{C}\)...
Study smarter with the SolutionInn App