Which One of the Following Statements About the Compensation Insurance

question 144

Multiple Choice

Which one of the following statements about the compensation insurance scheme under the Workers' Compensation Act is false?

• A) When a worker is injured on the job through the fault of someone other than his employer, he cannot claim under the Workers' Compensation provisions.
• B) Employers pay different premiums depending on the nature and danger of the industry.
• C) Businesses covered by the Act are required to contribute to a no-fault fund that is used to pay for job-related accidents and diseases.
• D) Legislation sets rates of compensation to be paid for different types of injuries.
• E) If the injury is caused by the worker's own careless conduct, he will still receive compensation under the Act.

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Definitions:

Standard Error

A statistical measure that quantifies the variability or dispersion of a sample statistic from the population parameter.

Sample Size

The number of observations or units chosen from a population to participate in a statistical study, influencing the study's validity and conclusions.

Confidence Interval Estimate

A range of values derived from sample data that is likely to contain the value of an unknown population parameter, expressed at a given level of confidence.

Prediction Interval

An estimate of an interval in which future observations will fall, with a certain level of confidence, based on current sample data.