The Following Table Shows the Number of Workdays Absent Based

question 2

Multiple Choice

The following table shows the number of workdays absent based on the length of employment in years. i. The Y intercept of the linear equation is 7.7407.
ii. The dependent variable (Y) is the number of years employed.
iii. The slope of the linear equation is -0.6852.

• A) (i), (ii), and (iii) are all correct statements.
• B) (i) and (ii) are correct statements but not (iii).
• C) (i) and (iii) are correct statements but not (ii).
• D) (ii) and (iii) are correct statements but not (i).
• E) (i), (ii), and (iii) are all false statements.

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Definitions:

Economic Principle

A fundamental concept or guiding theory that forms the basis of economic analysis and decision-making.

Bond Price Changes

Variations in the market price of bonds, influenced by interest rate movements and other factors.

Interest Rate Changes

Modifications to the interest rates set by lenders or central banks, which can affect loan costs, savings rates, and monetary policy.

Industrialized Economy

An economy characterized by a significant level of industry activity, including manufacturing and services, leading to a higher standard of living and technological advancement.