1. Based on the data, what is the mean nominal wage? A. 123.26 B. 291.81 C. 350.00 D. 358.88 2. Referring to the data, what is the median real wage? A. 123.2 B. 290.37 C. 291.81 D. 350.00 3. Referring to the data, what is the mode of nominal wage? A. 400 B. 320 C. 400 & 320 D. none

Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
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1. Based on the data, what is the mean nominal wage?
A. 123.26
B. 291.81
C. 350.00
D. 358.88

2. Referring to the data, what is the median real wage?
A. 123.2
B. 290.37
C. 291.81
D. 350.00

3. Referring to the data, what is the mode of nominal wage?
A. 400
B. 320
C. 400 & 320
D. none

Real wage is a wage deflated by the current consumer price index.
It gives information on how much current wage compares to the wage of given base
year period. Real wage is obtained by dividing the nominal wage by the current
Consumer Price Index (CPI) of a given month multiplied by 100.
Transcribed Image Text:Real wage is a wage deflated by the current consumer price index. It gives information on how much current wage compares to the wage of given base year period. Real wage is obtained by dividing the nominal wage by the current Consumer Price Index (CPI) of a given month multiplied by 100.
The table below presents the real wage and nominal wage of non-agriculture
workers in the Philippines as of December 2019 by region.
Region
Nominal Wage
CPI
Real Wage
NCR
537.00
119.8
448.25
CAR
350.00
120.4
290.70
1
340.00
120.9
281.22
||
360.00
122.8
293.16
400.00
120.7
331.40
IV-A
400.00
120.4
332.23
IV-B
320.00
124.1
257.86
V
310.00
123.9
250.20
VI
395.00
123.2
320.62
VII
386.00
125.2
308.31
VIII
315.00
125.7
250.60
IX
316.00
126.1
250.59
X
365.00
125.7
290.37
XI
396.00
122.3
323.79
XII
311.00
125.1
248.60
CARAGA
320.00
121.2
264.03
ARMM
280.00
127.9
218.92
Transcribed Image Text:The table below presents the real wage and nominal wage of non-agriculture workers in the Philippines as of December 2019 by region. Region Nominal Wage CPI Real Wage NCR 537.00 119.8 448.25 CAR 350.00 120.4 290.70 1 340.00 120.9 281.22 || 360.00 122.8 293.16 400.00 120.7 331.40 IV-A 400.00 120.4 332.23 IV-B 320.00 124.1 257.86 V 310.00 123.9 250.20 VI 395.00 123.2 320.62 VII 386.00 125.2 308.31 VIII 315.00 125.7 250.60 IX 316.00 126.1 250.59 X 365.00 125.7 290.37 XI 396.00 122.3 323.79 XII 311.00 125.1 248.60 CARAGA 320.00 121.2 264.03 ARMM 280.00 127.9 218.92
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The table below presents the real wage and nominal wage of non-agriculture
workers in the Philippines as of December 2019 by region.
Region
Nominal Wage
CPI
Real Wage
NCR
537.00
119.8
448.25
CAR
350.00
120.4
290.70
1
340.00
120.9
281.22
||
360.00
122.8
293.16
400.00
120.7
331.40
IV-A
400.00
120.4
332.23
IV-B
320.00
124.1
257.86
V
310.00
123.9
250.20
VI
395.00
123.2
320.62
VII
386.00
125.2
308.31
VIII
315.00
125.7
250.60
IX
316.00
126.1
250.59
X
365.00
125.7
290.37
XI
396.00
122.3
323.79
XII
311.00
125.1
248.60
CARAGA
320.00
121.2
264.03
ARMM
280.00
127.9
218.92
Transcribed Image Text:The table below presents the real wage and nominal wage of non-agriculture workers in the Philippines as of December 2019 by region. Region Nominal Wage CPI Real Wage NCR 537.00 119.8 448.25 CAR 350.00 120.4 290.70 1 340.00 120.9 281.22 || 360.00 122.8 293.16 400.00 120.7 331.40 IV-A 400.00 120.4 332.23 IV-B 320.00 124.1 257.86 V 310.00 123.9 250.20 VI 395.00 123.2 320.62 VII 386.00 125.2 308.31 VIII 315.00 125.7 250.60 IX 316.00 126.1 250.59 X 365.00 125.7 290.37 XI 396.00 122.3 323.79 XII 311.00 125.1 248.60 CARAGA 320.00 121.2 264.03 ARMM 280.00 127.9 218.92
Real wage is a wage deflated by the current consumer price index.
It gives information on how much current wage compares to the wage of given base
year period. Real wage is obtained by dividing the nominal wage by the current
Consumer Price Index (CPI) of a given month multiplied by 100.
Transcribed Image Text:Real wage is a wage deflated by the current consumer price index. It gives information on how much current wage compares to the wage of given base year period. Real wage is obtained by dividing the nominal wage by the current Consumer Price Index (CPI) of a given month multiplied by 100.
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