In Order for Employees of a Company to Work in a Foreign

question 4

Essay

In order for employees of a company to work in a foreign office, they must take a test in the language of thecountry where they plan to work. The data below show the relationship between the number of years thatemployees have studied a particular language and the grades they received on the proficiency exam. $$\begin{array} { l | c | c | c | c | c | c | c | c | c | } \text { Number of years, } \mathrm { x } & 3 & 4 & 4 & 5 & 3 & 6 & 2 & 7 & 3 \\\hline \text { Grades on test, } \mathrm { y } & 61 & 68 & 75 & 82 & 73 & 90 & 58 & 93 & 72\end{array}$$

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Definitions:

Disposable Income

Income remaining after deduction of taxes and other mandatory charges, available to be spent or saved as one wishes.

Interest Rate

The cost of borrowing money, expressed as a percentage of the total amount loaned.

Net Wealth

The total value of all financial and non-financial assets owned by an individual or entity minus any liabilities.

Future Prices

The expected price of a commodity, security, or currency set in a futures contract for delivery and payment at a specified future date.