This workers compensation problem asks you to calculate the direct effect of a benefit change as a result of the max benefit changing to 1.12*SAWW, like always, however there's a yummy twist!!!!! Rather than giving you the following:
(Wage/SAWW Ratio) (% of workers) (% of total weekly wages)
You're given,
(Wage/SAWW ratio) (Number of workers) (Total weekly wages)
I'm not getting the right answer...
I converted what was given to %'s (I created what is normally given). I rounded my %'s to two decimal places... not sure if that'd change things. The answer does not do what I did. Is my method even correct or feasible?
(Wage/SAWW Ratio) (% of workers) (% of total weekly wages)
You're given,
(Wage/SAWW ratio) (Number of workers) (Total weekly wages)
I'm not getting the right answer...
I converted what was given to %'s (I created what is normally given). I rounded my %'s to two decimal places... not sure if that'd change things. The answer does not do what I did. Is my method even correct or feasible?
Workers Compensation Benefit Change Problem (with a Twist!!)
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