After selection of an Employee, the Human Resource Department has decided the following salary breakup: Basic Pay = Rs.150 (Per Regular hrs.) + Rs.200 (Per Week Bonus) NOTE: Employees’ regular working hours per week are 40hrs. If Employee’s working hours Per Week = 65hrs (40 regular hrs. 25 overtime hrs.) Then calculate the following: Calculate the actual regular pay rate per hour. Calculate the overtime rate per hour. Calculate the Total pay for a month
Contingency Table
A contingency table can be defined as the visual representation of the relationship between two or more categorical variables that can be evaluated and registered. It is a categorical version of the scatterplot, which is used to investigate the linear relationship between two variables. A contingency table is indeed a type of frequency distribution table that displays two variables at the same time.
Binomial Distribution
Binomial is an algebraic expression of the sum or the difference of two terms. Before knowing about binomial distribution, we must know about the binomial theorem.
Q.
After selection of an Employee, the Human Resource Department has decided the following salary breakup:
Basic Pay = Rs.150 (Per Regular hrs.) + Rs.200 (Per Week Bonus)
NOTE: Employees’ regular working hours per week are 40hrs.
If Employee’s working hours Per Week = 65hrs (40 regular hrs. 25 overtime hrs.)
Then calculate the following:
- Calculate the actual regular pay rate per hour.
- Calculate the overtime rate per hour.
- Calculate the Total pay for a month.
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