Use the Following Dataset to Answer the Following Question - What Is the Unit of Observation?
A) Month-Tenure
B)

question 18

Multiple Choice

Use the following dataset to answer the following question. $$\begin{array} { | l | c | c | c | r | } \hline { \text { Name } } & \text { Month } & \text { Cormnissimm } & \text { Tenure } & \text { Travel Expense } \\\hline \text { Sophie Castro } & 1 & \$ 48,000 & 4 \text { years } & \$ 11,000 \\\hline \text { Travis Turner } & 1 & \$ 53,000 & \text { 7 years } & \$ 21,000 \\\hline \text { Elias Harsent } & 2 & \$ 67,000 & 10 \text { years } & \$ 7,000 \\\hline \text { Armanda Garza } & 2 & \$ 72,000 & 8 \text { years } & \$ 14,000 \\\hline\end{array}$$
- What is the unit of observation?

• A) Month-tenure
• B) Person-month
• C) Month
• D) Tenure

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Definitions:

Unitary

Relating to a unit or units, often used in economics to describe a situation where a change in one factor results in a proportionate change in another factor.

Quantity Supplied

The amount of a good that producers are willing and able to sell at a particular price over a given period of time.

Rises

An increase or upward movement in a specific parameter or value, often used in financial and economic contexts.

Price Range

The difference between the highest and lowest prices in a given market during a specific period of time.