Internal Factors That Influence Wage Rates Include the Worth of a Job

question 6

True/False

Internal factors that influence wage rates include the worth of a job and the employer's ability to pay.

---

Definitions:

Simple Interest

Interest calculated only on the initial principal of a deposit or loan, without compounding.

Predicted Score

An estimate of the value of a variable or outcome derived from a statistical model or the analysis of patterns in data.

Y′

A notation often used to represent the predicted values of a dependent variable in a regression model.

Y-intercept

The point where a line crosses the Y-axis in a graph.