A Perfect Spearman Correlation of +1 or −1 Between Two

question 14

Multiple Choice

A perfect Spearman correlation of +1 or −1 between two variables indicates

• A) a perfect linear relationship between the two variables
• B) a perfect monotone function of the two variables.
• C) the Pearson correlation is 1
• D) the Pearson correlation is +1 or -1
• E) the two variables are not related.

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Definitions:

Severance

Compensation or benefits provided to an employee upon job termination, often based on length of service.

Employee's Gender

A characteristic of employees that refers to their biological sex, which can influence aspects of employment such as pay equity and job assignments.

Indirect Pay

Employee compensation that does not take the form of direct wages or salaries, including benefits like health insurance, retirement contributions, and other non-cash rewards.

Compensation Package

The total combination of salary, benefits, bonuses, and any other perks provided to an employee in exchange for their work.