The Data Below Are the Ages and Annual Pharmacy B

question 65

Multiple Choice

The data below are the ages and annual pharmacy b ills (in dollars) of 9 randomly selected employees.Calculate the linear correlation coefficient. $$\begin{array} { l | c | c | c | c | c | c | c | c | c | } \text { Age, } \mathrm { x } & 31 & 34 & 38 & 41 & 44 & 46 & 50 & 54 & 58 \\\hline \text { Pharmacy bill (\$) , } \mathrm { y } & 111 & 115 & 118 & 126 & 137 & 140 & 143 & 145 & 147\end{array}$$

• A) 0.960
• B) 0.998
• C) 0.890
• D) 0.908

Understand the principles of total quality management and its focus on continuous improvement.

Distinguish between the focuses of financial and managerial accounting in terms of organizational level.

Recognize the significance of control in the managerial process and its relationship to goal setting.

Identify the goals of lean business models, including waste elimination and customer satisfaction.

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Definitions:

Contingent

Dependent on or conditioned by something else; contingent circumstances or outcomes vary according to specific circumstances.

Explanation

The process of making something clear or understandable by providing detailed information and reasoning.

Employee Behaviours

Actions and conduct displayed by employees in the workplace, which can impact organizational performance, culture, and climate.

Organizational Behaviour

The study of how people interact within groups in a workplace setting and how this affects organizational performance.