Which of the Following Is an External Factor That Can

question 18

Multiple Choice

Which of the following is an external factor that can influence the rates at which employees are paid?

• A) the worth of the job
• B) the employees' relative worth
• C) the employer's ability to pay
• D) the cost of living

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Definitions:

Qualitative Variables

Variables that express categorical data, representing types or qualities rather than numbers.

Chi-square Tests

Statistical tests that use the chi-square statistic to test hypotheses about the distribution of categorical variables.

Lower-tailed

Refers to a type of hypothesis test or confidence interval that focuses on determining whether the value of interest is significantly less than a specified value.

Perfect Fit

A situation where a model, equation, or line precisely describes or predicts the observed data without any errors.