Three persons earn $8 an hour, six earn $9 an hour, and one earns $12 an hour. The weighted mean hourly wage is $9.

Question

Quizplus · Accepted Answer

The weighted mean hourly wage is calculated by multiplying the hourly wage of each person by the number of people earning that wage, and then dividing the sum of these products by the total number of people. In this case, the weighted mean hourly wage is calculated as follows:(8 * 3) + (9 * 6) + (12 * 1) / 10 = 9Therefore, the weighted mean hourly wage is $9, which is the same as the given value.

Three Persons Earn $8 an Hour, Six Earn $9 an Hour