Instruction 13 -Referring to Instruction 13

question 33

Multiple Choice

Instruction 13.2
A lecturer in industrial relations believes that an individual's wage rate at a factory (Y) depends on his performance rating (X₁) and the number of economics courses the employee successfully completed at university (X₂) . The lecturer randomly selects six workers and collects the following information:
$$\begin{array} { | l | l | l | l | } \hline \text { Employee } & Y ( \$ ) & X 1 & X 2 \\\hline 1 & 10 & 3 & 0 \\\hline 2 & 12 & 1 & 5 \\\hline 3 & 15 & 8 & 1 \\\hline 4 & 17 & 5 & 8 \\\hline 5 & 20 & 7 & 12 \\\hline 6 & 25 & 10 & 9 \\\hline\end{array}$$
-Referring to Instruction 13.2,for these data,what is the estimated coefficient for performance rating,b₁?

• A) 9.103
• B) 0.616
• C) 6.932
• D) 1.054

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Definitions:

Promissory Estoppel

A legal principle that prevents a promisor from withdrawing a promise that a promisee has relied upon.

Reciprocal Treatment

A principle where two parties provide the same advantages or conditions to each other.

Civil Code

A body of written law that sets out the private rights of the citizens of a state.

Adequacy of Consideration

The fairness of the value exchanged in a contract, ensuring that what is received is reasonable compared to what is given.