Use the Following Dataset to Answer the Following Question -What Type of Dataset Is This?
A) Panel
B) Time

question 14

Multiple Choice

Use the following dataset to answer the following question. $$\begin{array} { | l | c | c | c | c | } \hline { \text { State } } & \text { Year } & \text { Salary } & \text { Lacation } & \text { Sales Warkshap? } \\\hline \text { Aiden Roser1 } & 2017 & \$ 98,000 & \text { Seattle } & \text { Y } \\\hline \text { Sadie Hubbard } & 2017 & \$ 83,000 & \text { Chicago } & \mathrm { N } \\\hline \text { Jen Jordar1 } & 2018 & \$ 77,000 & \text { Seattle } & \mathrm { N } \\\hline \text { Rob Jacksor1 } & 2018 & \$ 79,000 & \text { Chicago } & \mathrm { N } \\\hline\end{array}$$
-What type of dataset is this?

• A) Panel
• B) Time series
• C) Pooled cross-section
• D) Cross-section

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Definitions:

Correlation Coefficient

A statistical measure that describes the extent to which two variables change together.

Inverse Relationship

An inverse relationship refers to a situation where one variable increases while the other variable decreases, showing a negative correlation between the two.

Job Evaluation Points

A numerical value assigned to various aspects of a job, such as skills, effort, and responsibility, to determine its relative worth.

Point Method

A job evaluation method that quantifies job elements to assign points, which are used to determine an appropriate compensation level.