Companies Use Early Retirement Incentive Programs (ERIPs)to:​

question 2

Multiple Choice

Companies use early retirement incentive programs (ERIPs) to:​ 

• A) ​increase the number of experienced employees. 
• B) ​create job opportunities for people inside the company.  
• C) ​add new job positions after employees retire. 
• D) ​replace less-experienced employees with retirees. 

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Definitions:

T-Test

A type of statistical test that is used to compare the means of two groups to determine if the differences between them are statistically significant.

Coefficient Of Correlation

A statistical measure that calculates the strength and direction of a linear relationship between two variables; its value ranges from -1 to 1.

Variation

is a measure of the spread of data points in a dataset from the mean or another central value.

Test Statistic

A calculated value used in statistical testing to determine whether to reject the null hypothesis of a study.