Xr12-154 Wages and salaries make up only part of a total compensation. Other parts include paid leave,
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Xr12-154 Wages and salaries make up only part of a total compensation. Other parts include paid leave, health insurance, and many others. In 2007, wages and salaries among manufacturers in the United States made up an average of 65.8% of total compensation.
To determine if this changed in 2008, a random sample of manufacturing employees was drawn. Can we infer that percentage of total compensation for wages and salaries increased between 2007 and 2008? (Adapted from Statistical Abstract of the United States, 2009, Table 970.)
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Related Book For
Statistics For Management And Economics
ISBN: 9781133420774
9th Edition
Authors: Gerald Keller, Kenneth C Louden
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