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# International Labor Wages

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SCENARIO: The U.S. Bureau of Labor Statistics (http://www.bls.gov) released hourly wage figures for western countries in 2000 in the manufacturing sector. The hourly wage was \$24.01 in Germany, \$22.00 in Japan, and \$19.86 in the United States.

PROBLEM: Suppose 40 manufacturing workers are selected randomly from across Germany and asked what their hourly wage is. What is the probability that the sample average will be between \$23.50 and \$24.50?

=\$24.11

SECOND PART OF THE PROBLEM: Suppose 35 manufacturing workers selected randomly from across Japan. What is the probability that the sample average will exceed \$23?

19.86/35=0.5

Assume that in all three countries, the standard deviation of hourly labor rates is \$3.

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SCENARIO: The U.S. Bureau of Labor Statistics (http://www.bls.gov) released hourly wage figures for western countries in 2000 in the manufacturing sector. The hourly wage was \$24.01 in Germany, \$22.00 in Japan, and \$19.86 in the United States.

PROBLEM: Suppose 40 manufacturing workers are selected randomly from across Germany and asked what their hourly wage is. What is the probability that the sample average will be between \$23.50 and \$24.50?

=\$24.11

What you have done is adding up the ...

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