Given the Scatter Diagram Below, That Shows the Number of Workdays

question 118

Multiple Choice

Given the scatter diagram below, that shows the number of workdays absent per year based on the age of the employees, which of the following statements are true?

• A) There is clearly no relationship whatsoever between an employee's age and the number of workday absences that they take.
• B) There is a single but strong outlier in this data set.
• C) In analyzing this data, you may wish to remove the one point that doesn't "fit" with all the others before continuing your analysis.
• D) A & B are true
• E) B & C are true

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Definitions:

Corncob Pipes

Pipes made from the dried cob of a corn plant, often used for smoking tobacco.

Cournot Reaction Function

A mathematical representation in economics that shows how one firm reacts to the quantity choice of another firm in a duopoly market setting.

Inverse Demand Function

Represents the relationship between the price of a good and the quantity demanded, showing how price must adjust to maintain equilibrium between supply and demand.

Marginal Costs

The expenditure involved in manufacturing one more unit of a product or service.