Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 1 You conduct a survey of businesses to measure the wages Australian businesses pay to their employees. The survey has 1 0 % non

Question 1
You conduct a survey of businesses to measure the wages Australian businesses pay to their employees. The survey has 10% non-response rate. Fortunately the ATO has a dataset that contains the number of employees of each business in Australia, and this dataset can be linked to each business in your survey. Business wages is highly related to the number of employees in a business, so your manager asks you to determine a method to fill in the missing responses through utilising the ATOs dataset.
Select the one option below you would suggest: *Mandatory
From the responding businesses find the ratio of the total number of employees to total wages (total employees/total wages). Multiply this ratio by the number of employees of each non-responding business
From the responding businesses find the ratio of total wages to total number of employees (total wages/total employees). Multiply this ratio by the number of employees of each non-responding business
From the responding businesses find the ratio of the total number of employees to total wages (total employees/total wages). Multiply this ratio by the wages of each non-responding business
From the responding businesses find the ratio of total wages to total number of employees (total wages/total employees). Multiply this ratio by the wages of each non-responding business

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Survey of Accounting

Authors: Paul D. Kimmel, Jerry J. Weygandt

1st edition

1119330025, 978-1119444244, 1119444241, 978-1119306474, 1119306477, 978-1119330028

More Books

Students also viewed these Accounting questions