For problems 20 to 23, refer to the following: Real wage is a wage deflated by thecurrent consumer price index. It gives information on how much current wagecompares to the wage of given base year period. Real wage is obtained bydividing the nominal wage by the current Consumer Price Index (CPI) of a givenmonth multiplied by 100. Table 1 below presents the real wage and nominal wageof non-agriculture workers in the Philippines as of December 2019 by region.RegionNominal WageReal WageCPINCR537.00119.8448.25CAR350.00120.4290.70340.00120.9281.22360.00122.8293.16400.00120.7331.40IV-A400.00120.4332.23IV-B320.00124.1257.86310.00123.9250.20VI395.00123.2320.62VI356.00125.2306.31VII315.00125.7250.60IX316.00126.1250.59365.00125.7290.37XI396.00122.3323.79XI311.00125.1248.60CARAGA320.00121.2264.00ARMM280.00127.9218.92Table 1. Nominal and Real Wages of Non-Agricultural Workers by Region. 20. Based on the data, the mean nominal wage isO A. 123.26B. 291.81C. 350.00D. 358.8821. Referring to the data, the median real wage isA. 123.2B. 290.37C. 291.81O D. 350.00

Here we have to perform mean and median of nominal wage and real wage separately as ungrouped data.

Answered: 20. Based on the data, the mean nominal…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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20. Based on the data, the mean nominal wage is O A. 123.26 B. 291.81 O c. 350.00 O D. 358.88 21. Referring to the data, the median real wage is O A. 123.2 B. 290.37 O c. 291.81 D. 350.00