In April 2013, the mean salary for a nurse manager with a bachelors degree was $89,673. The

Question:

In April 2013, the mean salary for a nurse manager with a bachelor’s degree was $89,673. The Consumer Price Index for March 2016 was 238.132 (1982–84 = 100). The mean annual salary for a nurse in the base period of 1982–84 was $19,800. What was the real income of the nurse in March 2016? How much had the mean salary increased?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Statistical Techniques in Business and Economics

ISBN: 978-1259666360

17th edition

Authors: Douglas A. Lind, William G Marchal

Question Posted: