A Human Resource Manager Is Interested in Whether Absences Occur

question 71

Multiple Choice

A human resource manager is interested in whether absences occur during the week with equal frequency.The manager took a random sample of 100 absences and created the following table: Calculate the expected absences for all 5 days.

• A)28
• B)20
• C)12
• D)25

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Definitions:

Substitutes

Goods or services that can be used in place of each other; when the price of one increases, the demand for the other is likely to increase.

Complements

Complements are goods or services that are used together, where the increase in the consumption of one leads to an increase in the consumption of the other.

Price Elasticity

An index indicating how the amount of a product demanded or supplied changes in response to a price variation.

Quantity Supplied

The amount of a good or service that producers are willing and able to sell at a given price over a particular period of time.