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Compensation refers to what a person is paid for their work (including salary and other forms of compensation). The median home price in the U.S.
"Compensation" refers to what a person is paid for their work (including salary and other forms of compensation). The median home price in the U.S. represents a cost where half of all homes are worth more than the median home price and half of all homes are worth less The following table compares median home prices in the U.S. with the average non-manager compensation for U.S. workers. Note that these values are adjusted for inflation. . Let f(t) model the median home price in the U.S. in dollars for year t. . Let g(t) model the average non-manager compensation in the U.S. in dollars for year t. . Let h(t) model the RATIO of the median home price to the average non-manager compensation in the U.S. in terms of the year, t. That is, f (t) h(t) = g(t) year, median home price (in dollars) in average non-manager compensation (in dollars) in t U.S., f(t) U.S., g(t) h(t) 1965 167,700 39,500 4.25 1973 165,930 46,400 3.58 1978 172,600 47,200 3.66 1989 197,800 44,700 4.43 1995 181,500 45,600 Preview 2000 200,500 47,900 Preview 2010 215,000 52,700 Preview 2013 202,600 52,100 Previewa. Complete the column showing the values of h(t). b. Which of the following statements are true? Select all that apply. [3 The overall trend has been for the ratio value Mt) to mostly decrease over time. [3 Average non-manager compensation in the U.S. (adjusted for ination) has mostly increased over time since 1965. D The overall trend has been for the ratio value h(t) to mostly stay stable over time. [:1 The overall trend has been for the ratio value h(t) to mostly increase over time. D The median home price in the U.S. (adjusted for ination) has mostly increased over time since 1965. c. If h(t) : 5 for some value oft, which of the following statements are true? Select all that apply. [:1 The median home price is larger than the average non-manager employee salary in that year. C] The average non-manager employee salary is larger than the median home price in that year. [3 Average non-manager compensation is 5 times as large as the median home value in the U.S. in that year. . . 1 . . . . DAverage non-manager compensation 1S E tunes as large as the median home value in the U.S. 1n that year. [3 The median home value in the U.S. is 5 times as large as the average compensation for non-manager employees in that year. . . . 1 . . . D The median home value in the U.S. is 3 times as large as the average compensation for non-manager employees In that year
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