Information Was Collected from Employee Records to Determine Whether There

question 18

Multiple Choice

Information was collected from employee records to determine whether there is an association between an employee's age and the number or workdays they miss. Excel results are summarized below: From this printout you determine:

• A) when tested at the 2% level of significance, there is no relationship between an employee's age and the number of days of work absences.
• B) for each additional year of age, we can expect the number of days of absence to decrease by 0.2 days.
• C) almost 67% of the variation in the number of absent days can be explained by the variation in the employee's ages.
• D) when tested at the 2% level of significance, there is relationship between an employee's age and the number of days of work absences. For each additional year of age, we can expect the number of days of absence to decrease by 0.2 days.
• E) when tested at the 2% level of significance, there is no relationship between an employee's age and the number of days of work absences. Almost 67% of the variation in the number of absent days can be explained by the variation in the employee's ages.

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Definitions:

Government Interference

Actions taken by government to affect decisions made by individuals, companies, or other governments, which can include regulations, laws, and taxes.

Market Equilibrium

A situation where, at the current price, the quantity of goods supplied equals the quantity of goods demanded, leading to a stable market condition.

Optimal Allocation

The most efficient distribution of resources and services, maximizing the benefit from their use.

External Costs

Costs not reflected in the market price of goods or services, borne by a third party or society at large.