Information Was Collected from Employee Records to Determine Whether There

question 3

Multiple Choice

Information was collected from employee records to determine whether there is an association
Between an employee's age and the number or workdays they miss. Excel results are summarized
Below:
From this printout you determine:

• A) when tested at the 2% level of significance, there is no relationship between an employee's age and the number of days of work absences.
• B) for each additional year of age, we can expect the number of days of absence to decrease by 0.2 days.
• C) almost 67% of the variation in the number of absent days can be explained by the variation in the employee's ages.
• D) when tested at the 2% level of significance, there is relationship between an employee's age and the number of days of work absences. For each additional year of age, we can Expect the number of days of absence to decrease by 0.2 days.
• E) when tested at the 2% level of significance, there is no relationship between an employee's age and the number of days of work absences. Almost 67% of the variation in

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Definitions:

Positive Externality

A benefit that affects a party who did not choose to incur that benefit, often associated with public goods and services.

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The ability of a single company to control an entire market, limiting competition and setting prices.

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The process of assigning available resources in the most efficient manner to meet the objectives of an organization or economy.