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Answer the questions that follow this SPSS output:
A) Describe the strength and the direction of the correlation between EDUC and INCOME. Also report the actual value of the correlation.
B) Which pair of variables has the weakest correlation in the table? __________ and __________
Benefits Administration
The management and operation of an organization’s employee benefits program, including health insurance, retirement plans, and other non-wage compensations.
Flexible Benefits Plans
Employee benefit plans that allow workers to choose from a range of benefit options tailored to their individual needs.
Economies of Scale
Cost advantages that businesses obtain due to their scale of operation, with cost per unit of output generally decreasing with increasing scale.
Benefits Package
A collection of non-wage compensations provided to employees in addition to their salaries or wages. These can include health insurance, pension plans, and vacation time.
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