The accompanying table lists the federal hourly minimum in both actual dollars at the time and 1996
Question:
a. According to the table, how much is $0.25 in 1938 dollars worth in 1996 dollars?
b. According to the table, how much is $1.00 in 1956 dollars worth in 1996 dollars?
c. Note that the minimum wage for 2009 in actual dollars is greater than the minimum wage for 2009 in 1996 dollars. What does that tell us about the minimum wage in 2009?
Transcribed Image Text:
6 998718174878 87452 3332 33456676666544455 5005 2347 50 0 0 0 0 1 1 1 1 2 2 2 2334457 950617846891 3345566677778 167
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 66% (12 reviews)
a 278 b 577 c The minimum wage ...View the full answer
Answered By
Ashington Waweru
I am a lecturer, research writer and also a qualified financial analyst and accountant. I am qualified and articulate in many disciplines including English, Accounting, Finance, Quantitative spreadsheet analysis, Economics, and Statistics. I am an expert with sixteen years of experience in online industry-related work. I have a master's in business administration and a bachelor’s degree in education, accounting, and economics options.
I am a writer and proofreading expert with sixteen years of experience in online writing, proofreading, and text editing. I have vast knowledge and experience in writing techniques and styles such as APA, ASA, MLA, Chicago, Turabian, IEEE, and many others.
I am also an online blogger and research writer with sixteen years of writing and proofreading articles and reports. I have written many scripts and articles for blogs, and I also specialize in search engine
I have sixteen years of experience in Excel data entry, Excel data analysis, R-studio quantitative analysis, SPSS quantitative analysis, research writing, and proofreading articles and reports. I will deliver the highest quality online and offline Excel, R, SPSS, and other spreadsheet solutions within your operational deadlines. I have also compiled many original Excel quantitative and text spreadsheets which solve client’s problems in my research writing career.
I have extensive enterprise resource planning accounting, financial modeling, financial reporting, and company analysis: customer relationship management, enterprise resource planning, financial accounting projects, and corporate finance.
I am articulate in psychology, engineering, nursing, counseling, project management, accounting, finance, quantitative spreadsheet analysis, statistical and economic analysis, among many other industry fields and academic disciplines. I work to solve problems and provide accurate and credible solutions and research reports in all industries in the global economy.
I have taught and conducted masters and Ph.D. thesis research for specialists in Quantitative finance, Financial Accounting, Actuarial science, Macroeconomics, Microeconomics, Risk Management, Managerial Economics, Engineering Economics, Financial economics, Taxation and many other disciplines including water engineering, psychology, e-commerce, mechanical engineering, leadership and many others.
I have developed many courses on online websites like Teachable and Thinkific. I also developed an accounting reporting automation software project for Utafiti sacco located at ILRI Uthiru Kenya when I was working there in year 2001.
I am a mature, self-motivated worker who delivers high-quality, on-time reports which solve client’s problems accurately.
I have written many academic and professional industry research papers and tutored many clients from college to university undergraduate, master's and Ph.D. students, and corporate professionals. I anticipate your hiring me.
I know I will deliver the highest quality work you will find anywhere to award me your project work. Please note that I am looking for a long-term work relationship with you. I look forward to you delivering the best service to you.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Statistical Reasoning for Everyday Life
ISBN: 978-0321817624
4th edition
Authors: Jeff Bennett, Bill Briggs, Mario F. Triola
Question Posted:
Students also viewed these Statistics questions
-
The accompanying table lists the average test scores in the Scholastic Assessment Test (SAT) for the years 1967, 1970, 1975, 1980, 1985, 1990, 1995, and 1997 to 2007. Draw a chart for each of the...
-
The accompanying table lists the 2010 median household incomes, rounded to the nearest dollar, for all 50 states and the District of Columbia. a. Construct a frequency distribution table. Use the...
-
The accompanying table lists the number of Christmas trees (in thousands) exported from New Brunswick in one year and the dollar value (also in thousands) of those exports. Based on the results, can...
-
The hot dog cooker described in the chapter heats hot dogs by connecting them to 120 V household electricity. A typical hot dog has a mass of 60 g and a resistance of 150 N. How long will it take...
-
Rose City formally integrates budgetary accounts into its general fund. During the year ended December 31, 2019, Rose received a state grant to buy a bus and an additional grant for bus operation in...
-
Foreman Cleaners issued 800,000 of 10%, 20- year bonds on January 1, 2022, at 119.792 to yield 8%. Interest is payable semiannually on July 1 and January 1. Instructions Prepare the journal entries...
-
What are the causes of exchange-rate volatility? Have these problems become greater or lesser in the past 20 years? Explain why.
-
Portfolio Expected Return you have $10,000 to invest in a stock portfolio. Your choices are Stock X with an expected return of 15 percent and Stock Y with an expected return of 10 percent. If your...
-
Mr Duma recently inherited a rectangular plot, part of the estate left by his late father. The plot with the following dimensions: Length 2x+1; Width x-1. a S He has plans to do the following...
-
Dover Pharmacy, part of a large chain of pharmacies, fills a variety of prescriptions for customers. The complexity of prescriptions filled by Dover varies widely; pharmacists can spend between five...
-
Total spending on health care in the United States rose from $80 billion in 1973 to $2.5 trillion in 2010. The Consumer Price Index was 44.4 in 1973, and it was 218.1 in 2010 (with 1982-1984= 100)....
-
A critic's movie recommendations of "must see," "good," "fair," "poor," or "avoid" Identify the level of measurement(nominal, ordinal, interval or ratio)? Identify the level of measurement.
-
In Exercises 1-3, find the matrix [T]CB of the linear transformation T: V W with respect to the bases 13 and C of V and W, respectively. Verify Theorem 6.26 for the vector v by computing T(v)...
-
How does the concept of social stratification contribute to the perpetuation of inequality, and what role do institutions play in reinforcing or challenging existing social hierarchies?
-
Huffman Encoding and Decoding The goal of this task is to encode and decode images using Huffman encoding. As you used Run Length Encoding (RLE) inTask1 for binary images lossless compression...
-
Why is it important for organizations to focus on hiring ethical employees? How would managers generate a Code of Ethics for an organization that they have worked for or that they have read about?
-
What is there the three chipparts please make for me clearly [3]. Computer: Build the topmost Computer chip using the three chip-parts shown in the diagram below. [10 marks] ROM32K inM instruction...
-
What is organizational agility and why is it important? (elaborate) Literature: Agility is a complex construct that can take multiple forms. It captures an organization's ability to develop and...
-
Practice with the capital account: Which of the three categories of the capital account does each belong in? Which of the following tend to raise the value of Country Xs capital account? a. A...
-
a) Calculate the goodwill that was paid by Major Ltd on the acquisition of Minor Ltd. [10 marks] b) Prepare the consolidated statement of financial position for Major Ltd at 31 July 20X8. [30 marks]...
-
Find an example in a recent news report of a graph in which the vertical scale does not start at zero. Suggest why the graph was drawn that way, and also discuss any ways in which the graph might be...
-
Listed below (in order by row) are the numbers of home runs in Major League Baseball for each year from 1990 through 2016. Construct a time-series line chart of the data. Is there a trend? 3317 3383...
-
The navel ratio is defined to be a persons height divided by the height (from the floor) of his or her navel. An old theory says that, on average, the navel ratio of humans is the golden ratio: (1 +...
-
A 5-year Treasury bond has a 4.9% yield. A 10-year Treasury bond yields 6.45%, and a 10-year corporate bond yields E inflation will average 3% over the next 10 years (IP103%). Assume that there is no...
-
You plan to retire in exactly 30 years. Your goal is to create a fund that will allow you to receive $30,000 per year for the 20 years you think you will live after retirement. You can earn 10%...
-
Firms often seek to improve their profit margins by acquiring a supplier - the motive being to capture the supplier's profit (net income) as well as their own. Some financial data is provided in the...
Study smarter with the SolutionInn App