In the fourth quarter 2012 the median weekly earning for men in current dollars was $868, while the median weekly earnings for women was $690.The pay gap between men and women is

Question

Quizplus · Accepted Answer

To find the pay gap between men and women, we need to calculate the percentage difference between their median weekly earnings. The calculation is as follows:

Pay gap = ((men's earnings - women's earnings) / men's earnings) * 100

Using the data given:

Pay gap = ((868 - 690) / 868) * 100 = 20.55

Therefore, the pay gap between men and women is 20.55%, or approximately 0.27 as a decimal or choice B.

In the Fourth Quarter 2012 the Median Weekly Earning for Men