1. Based on the data, what is the mean nominal wage?A. 123.26B. 291.81C. 350.00D. 358.882. Referring to the data, what is the median real wage?A. 123.2B. 290.37C. 291.81D. 350.003. Referring to the data, what is the mode of nominal wage?A. 400B. 320C. 400 & 320D. 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 baseyear period. Real wage is obtained by dividing the nominal wage by the currentConsumer Price Index (CPI) of a given month multiplied by 100. The table below presents the real wage and nominal wage of non-agricultureworkers in the Philippines as of December 2019 by region.RegionNominal WageCPIReal WageNCR537.00119.8448.25CAR350.00120.4290.701340.00120.9281.22||360.00122.8293.16400.00120.7331.40IV-A400.00120.4332.23IV-B320.00124.1257.86V310.00123.9250.20VI395.00123.2320.62VII386.00125.2308.31VIII315.00125.7250.60IX316.00126.1250.59X365.00125.7290.37XI396.00122.3323.79XII311.00125.1248.60CARAGA320.00121.2264.03ARMM280.00127.9218.92

Part (1) The nominal wages are: 537, 350, 340, 360, 400, 400, 320, 310, 395, 386, 315, 316, 365,…

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

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

Section: Chapter Questions

Problem 1RQ

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Question

100%

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.

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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