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Many Merit Increase Grids Indicate Both the Size and Frequency

question 32

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Many merit increase grids indicate both the size and frequency of pay increases as determined by the individual's performance rating and which one of the following?


Definitions:

Covariance

A statistical measure that indicates the extent to which two variables change together; if the greater values of one variable mainly correspond with the greater values of the other variable, and the same holds for the lesser values, the covariance is positive.

Slope

A measure of the steepness or incline of a line, representing the ratio of the change in the y-value to the change in the x-value.

Coefficient of Correlation

A statistical measure that computes the strength and direction of a linear relationship between two variables.

Direction

The course along which someone or something moves, or a particular position or orientation regarding space or time.

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