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Michael, Inc., a manufacturer of electric guitars, is a small firm with 50 employees. The table below shows the hourly wage distribution of the employees. I am looking for the complete solution.

Hourly Wages (In Dollars) Number of Employees

10 - 13 8
14 - 17 12
18 - 21 20
22 - 25 10
a. How many employees receive hourly wages of at least $18?
b. What percentage of the employees has hourly wages of at least $18?
c. What percentage of the employees has hourly wages of less than $14?

Econometrics, Economics

  • Category:- Econometrics
  • Reference No.:- M9472901

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