The Following Table Shows the Number of Workdays Absent Based

question 145

Multiple Choice

The following table shows the number of workdays absent based on the length of employment in
Years.
i. The least squares equation for the data: Y' = 7.7407 - 0.6852X.
ii. The dependent variable (Y) is the number of work days absent.
iii. The negative slope indicates an inverse relationship between the variables.

• A) (i), (ii), and (iii) are all correct statements.
• B) (i) and (ii) are correct statements but not (iii).
• C) (i) and (iii) are correct statements but not (ii).
• D) (ii) and (iii) are correct statements but not (i).
• E) (i), (ii), and (iii) are all false statements.

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Definitions:

Government Spending

The total of all government expenses, including salaries, defense, education, and public services.

Net Taxes

refer to the total amount of taxes paid to governments by individuals and businesses after accounting for transfers and subsidies received from the government.

Aggregate Expenditure

The sum of all expenditures within an economy, encompassing spending on goods and services, investment in businesses, government outlays, and the balance of exports minus imports.

Disposable Income

The amount of money a household or individual has available to spend or save after income taxes have been deducted.