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. Nominal Wage CPI Real Wage Region NCR 537.00 119.8 448.25 CAR 350.00 120.4 290.70 I 340.00 120.9 281.22 I 360.00 122.8 293.16 I 400.00 120.7 331.40 IV-A 400.00 120.4 332.23 IV-8 320.00 124.1 257.86 V 310.00 123.9 250.20 VI 395.00 123.2 320.62 VII 386.00 125.2 308.31 VII 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 311.00 125.1 248.60 320.00 121.2 264.03 CARAGA ARMM 280.00 127.9 218.92
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. Nominal Wage CPI Real Wage Region NCR 537.00 119.8 448.25 CAR 350.00 120.4 290.70 I 340.00 120.9 281.22 I 360.00 122.8 293.16 I 400.00 120.7 331.40 IV-A 400.00 120.4 332.23 IV-8 320.00 124.1 257.86 V 310.00 123.9 250.20 VI 395.00 123.2 320.62 VII 386.00 125.2 308.31 VII 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 311.00 125.1 248.60 320.00 121.2 264.03 CARAGA ARMM 280.00 127.9 218.92
Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Chapter11: Data Analysis And Probability
Section11.1: Stem-and-leaf Plots And Histograms
Problem 10E
Related questions
Question
![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
CPI
Real Wage
Nominal Wage
537.00
NCR
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
400.00
120.4
332.23
320.00
124.1
257.86
310.00
123.9
250.20
395.00
123.2
320.62
386.00
125.2
308.31
315.00
125.7
250.60
316.00
126.1
250.59
365.00
125.7
290.37
396.00
122.3
323.79
311.00
125.1
248.60
320.00
121.2
264.03
280.00
127.9
218.92
II
IV-A
IV-B
V
VI
VII
VIII
IX
X
XI
XII
CARAGA
ARMM](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F1658fe5e-c413-46fe-907f-d232668f1676%2F02793d87-df11-4b25-88db-240660e54aca%2F1fi9hj_processed.png&w=3840&q=75)
Transcribed Image Text: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
CPI
Real Wage
Nominal Wage
537.00
NCR
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
400.00
120.4
332.23
320.00
124.1
257.86
310.00
123.9
250.20
395.00
123.2
320.62
386.00
125.2
308.31
315.00
125.7
250.60
316.00
126.1
250.59
365.00
125.7
290.37
396.00
122.3
323.79
311.00
125.1
248.60
320.00
121.2
264.03
280.00
127.9
218.92
II
IV-A
IV-B
V
VI
VII
VIII
IX
X
XI
XII
CARAGA
ARMM
![4. Referring to the data, how many regions are above the 80th percentile of the nominal
wage?
A. 3
B. 4
C. 5
D. 6](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F1658fe5e-c413-46fe-907f-d232668f1676%2F02793d87-df11-4b25-88db-240660e54aca%2Fpmr0eqp_processed.png&w=3840&q=75)
Transcribed Image Text:4. Referring to the data, how many regions are above the 80th percentile of the nominal
wage?
A. 3
B. 4
C. 5
D. 6
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