5. 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. 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 have hourly wages of at least $18? c. What percentage of the employees have hourly wages of less than $14?

Principles of Microeconomics
7th Edition
ISBN:9781305156050
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter19: Earnings And Discrimination
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5. 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.

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 have hourly wages of at least $18?

c.

What percentage of the employees have hourly wages of less than $14?

 

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