What Is the Basis for Determining the Employer's Cost of Unemployment

question 76

Multiple Choice

What is the basis for determining the employer's cost of unemployment compensation?

• A) the type of business and industry and its known seasonal fluctuations in employment
• B) the number of covered employees
• C) the employer's total payroll cost
• D) the number of claims filed by former employees

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Definitions:

Response Variable

The outcome variable that researchers aim to predict or explain through statistical models, observed in an experiment or study.

Standard Error

A statistical measure that describes the accuracy with which a sample mean estimates the population mean.

Regression Line

A line of best fit that describes the linear relationship between an independent variable and a dependent variable.

Least-Squares Regression

A statistical method that determines the best-fitting line for a set of data by minimizing the sum of the squares of the vertical distances of the points from the line.