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03 Nov 2023, 23:00
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The three industries that spent the least on employee compensation in 1941 all remained in the bottom three in 1945.: False
The nongovernment industry in which employee compensation declined from 1945 to 1946 showed an increase from 1946 to 1947 equal to more than three times the previous year’s decline.: True
During the war years of 1941 through 1945, government showed the highest employee compensation of any industry.: 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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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 $)
(Sort ↕ the table by clicking on the headers)
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.
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.
| True | False | |
| The three industries that spent the least on employee compensation in 1941 all remained in the bottom three in 1945. | ||
| The nongovernment industry in which employee compensation declined from 1945 to 1946 showed an increase from 1946 to 1947 equal to more than three times the previous year’s decline. | ||
| During the war years of 1941 through 1945, government showed the highest employee compensation of any industry. |
ShowHide Answer
Official Answer
The three industries that spent the least on employee compensation in 1941 all remained in the bottom three in 1945.: False
The nongovernment industry in which employee compensation declined from 1945 to 1946 showed an increase from 1946 to 1947 equal to more than three times the previous year’s decline.: True
During the war years of 1941 through 1945, government showed the highest employee compensation of any industry.: False
05 Nov 2023, 01:20
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Sajjad1994
Statement: The three industries that spent the least on employee compensation in 1941 all remained in the bottom three in 1945.
Sorting 1941 data in ascending order, we get Agriculture, forestry, and fisheries , Mining, Finance, insurance, and real estate but the bottom 3 in 1945 are: Mining, Agriculture, forestry, and fisheries , Contract construction. Final answer for this statement: False
Statement: The nongovernment industry in which employee compensation declined from 1945 to 1946 showed an increase from 1946 to 1947 equal to more than three times the previous year’s decline.
Checking the data from 1945 and 1946. The only 2 industries that have shown a decline are govt and manufacturing. Since we are looking for non govt industry, We can cross check the manufacturing data,
1945 --> 1946 = 40180 - 38259 = 1921
1946 --> 1947 = 44613 - 38259 = 6354 (1921*3 = 5700 ish) so this is more than 3 times. Final answer for this statement: True
Statement: During the war years of 1941 through 1945, government showed the highest employee compensation of any industry.
Checking the years, 1941 to 45. govt is never at first place in descending order. So, Final answer for this statement: False.
False , True , False
23 May 2024, 23:54
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The three industries that spent the least on employee compensation in 1941 all remained in the bottom three in 1945. => False
Sort column 1941, the 3 spending the least are
- Agri
- Mining
- Finance
Sort column 1945, the 3 spending the least are
- Mining
- Agri
- Contract construction
The nongovernment industry in which employee compensation declined from 1945 to 1946 showed an increase from 1946 to 1947 equal to more than three times the previous year’s decline. => True
Manufacturing showing decline from 1945 to 1946:
- decline from 1945 to 1946: \(\frac{40}{38.2} = 1.05\) => 5% decrease
- increase from 1946 to 1947: \(\frac{44.6}{38.2} = 1.16\) => 16% increase
During the war years of 1941 through 1945, government showed the highest employee compensation of any industry. => False
Sort column 1941 to 1945, the highest spending is the Manufacturing section
Sort column 1941, the 3 spending the least are
- Agri
- Mining
- Finance
Sort column 1945, the 3 spending the least are
- Mining
- Agri
- Contract construction
The nongovernment industry in which employee compensation declined from 1945 to 1946 showed an increase from 1946 to 1947 equal to more than three times the previous year’s decline. => True
Manufacturing showing decline from 1945 to 1946:
- decline from 1945 to 1946: \(\frac{40}{38.2} = 1.05\) => 5% decrease
- increase from 1946 to 1947: \(\frac{44.6}{38.2} = 1.16\) => 16% increase
During the war years of 1941 through 1945, government showed the highest employee compensation of any industry. => False
Sort column 1941 to 1945, the highest spending is the Manufacturing section
