Which of These Statements About Extrapolation Is NOT True

question 9

Multiple Choice

Which of these statements about extrapolation is NOT true?

• A) The term is used to estimate a value for the dependent variable when the value used for the independent variable lies outside the observed range
• B) Extrapolation is commonly used to support forecasting or planning for future needs (for example raw materials as production increases)
• C) As extrapolation is taken from within the range of observed values we can be fairly confident of its accuracy
• D) Extrapolation must be undertaken with care, particularly when values get further from the observed range

---

Definitions:

Working Conditions

The environment and circumstances under which employees operate, including hours, physical aspects, legal rights, and safety.

Compensation

The total amount of the monetary and non-monetary pay provided to an employee by an employer in return for work performed.

Arbitration

A method of resolving disputes outside the courts, where a neutral third party makes a decision.

Third Party

An entity or individual that is not directly involved in a transaction or agreement but may be affected by it or involved in facilitating it.