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In 1948, the median industry in terms of employee compensation spent more than the government had spent on employee compensation in 1941.: True
The transportation and public utilities industry ranked third in employee compensation, behind manufacturing and government, from 1941 to 1948.: False
Be sure to select an answer first to save it in the Error Log before revealing the correct answer (OA)!
Difficulty:
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Data Insights (DI) Butler 2023-24 [Question #91, Date: Nov-03-2023] [Click here for Details]
The following table shows historical data on the compensation of employees in millions of dollars by industry from 1941 to 1948.
Total employee compensation, by industry (in Million $)
| Industry | 1941 | 1942 | 1943 | 1944 | 1945 | 1946 | 1947 | 1948 |
|---|---|---|---|---|---|---|---|---|
| Agriculture, forestry, and fisheries | 1370 | 1786 | 2194 | 2401 | 2514 | 2780 | 3061 | 3305 |
| Mining | 1621 | 1855 | 2072 | 2285 | 2261 | 2482 | 3071 | 3545 |
| Manufacturing | 22774 | 32247 | 42657 | 44958 | 40180 | 38259 | 44613 | 48684 |
| Contract construction | 3073 | 4924 | 4119 | 3036 | 3106 | 4662 | 6171 | 7518 |
| Transportation and public utilities | 6326 | 7499 | 8980 | 10154 | 10797 | 12176 | 13316 | 14492 |
| Wholesale trade | 3934 | 4181 | 4365 | 4754 | 5306 | 6905 | 8238 | 9144 |
| Retail trade and auto-mobile services | 6838 | 7166 | 7922 | 8670 | 9858 | 13315 | 15402 | 16905 |
| Finance, insurance, and real estate | 2744 | 2855 | 3001 | 3149 | 3416 | 4294 | 4701 | 5258 |
| Services | 5587 | 6392 | 7197 | 8116 | 8931 | 10500 | 11815 | 12678 |
| Government | 10552 | 16381 | 27091 | 33780 | 36947 | 24281 | 19608 | 20344 |
Consider each of the following statements. For each statement, indicate whether the statement is true or false, based on the information provided in the table.
Question #1 based on the same table is available here
| True | False | |
| In 1948, the median industry in terms of employee compensation spent more than the government had spent on employee compensation in 1941. | ||
| The transportation and public utilities industry ranked third in employee compensation, behind manufacturing and government, from 1941 to 1948. |
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Official Answer
In 1948, the median industry in terms of employee compensation spent more than the government had spent on employee compensation in 1941.: True
The transportation and public utilities industry ranked third in employee compensation, behind manufacturing and government, from 1941 to 1948.: False
05 Nov 2023, 20:24
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Sajjad1994
To find the Median just arrange the compensation in ascending order. Now we have total of 10 industry so Median would be mean of 5th and 6th Term. We calculated Median = 10911 which is greater than 10522. Government has spent 10522 in compensation in 1941 and it is greater so first is true.
2nd Question - Rank of Transportation is 4th not 3rd. So false statement
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06 Nov 2023, 10:02
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Official Explanation
Statement 1
Sort on 1948, and average the two middle values to find the median of $10,911 million. In 1941, the government’s employee compensation was $10,552 million.
Answer: True
Statement 2
Sort on each year, beginning with 1941, and look for transportation and public utilities to see if that industry in fact ranks third behind manufacturing and government. The need to repeat this process for every column is eliminated when transportation ranks fourth in 1941. In fact, it ranks third only from 1942 to 1945.
Answer: False
Statement 1
Sort on 1948, and average the two middle values to find the median of $10,911 million. In 1941, the government’s employee compensation was $10,552 million.
Answer: True
Statement 2
Sort on each year, beginning with 1941, and look for transportation and public utilities to see if that industry in fact ranks third behind manufacturing and government. The need to repeat this process for every column is eliminated when transportation ranks fourth in 1941. In fact, it ranks third only from 1942 to 1945.
Answer: False
