A Regression of W = a + BX,where W Is

question 41

Multiple Choice

A regression of W = a + bX,where W is wages and X is hours worked per week,yielded a t-statistic of 0.75 for b.Statistically speaking,this result suggests that

• A) hours worked are probably positively related to wages.
• B) hours worked are probably negatively related to wages.
• C) we cannot reject the hypothesis that hours worked are unrelated to wages.
• D) hours worked are probably related to wages in a minor way.

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Definitions:

Working Conditions

The environment, terms, and circumstances under which individuals perform their jobs, including aspects like safety, hours, and rights.

Fringe Benefits

Additional benefits supplementing an employee's salary, such as health insurance, paid vacation, allowances, and retirement plans.

Deskilling Thesis

The theory that technological advancements and changes in work organization lead to a reduction in the skill required to perform certain jobs.

Occupational Hierarchy

The structured arrangement of jobs within an organization or society, ranked according to authority or status.