Choice B. Economics is the study of the ways in which money is created and used in society.
Hope this helps and have a great rest of the day!! :)
Full Question:
Edwin is the HR manager at a customer care unit with approximately 1,000 employees. He wants to statistically analyze the service data to make the recruitment process more effective by identifying desirable and undesirable qualities of employees. Edwin observes a high positive correlation between the employees' ability to adapt and the turnaround time. However, he decides to avoid using this criterion when recruiting employees. Which of the following, if true, would MOST strengthen this decision to avoid the criterion
A) The statistical significance of the correlation was found to be sixty percent.
B) Another trait, honesty, had a higher correlation coefficient than employees' ability to adapt.
C) The sample size used by Edwin was significantly larger than what was required.
D) Multiple regressions were observed among the variables used for the analysis.
Answer:
The correct answer here is A)
Explanation:
The key to decision making using statistical research is <em>Statistical Significance. </em>This means that a statistically significant observation is probably true. In this case, the statistical significance of his findings is 60%.
Cheers!
Answer:
a. Apply for a larger loan amount.
Explanation:
In the case when the loan is re-applied after rejecting so if we applying for a larger loan should be rejected even quickly. As if the financial insitution found that the smaller amount loan is been rejected so application made for larger amount of loan should not be helped out for approve. Also there is proper tracking of loans with regard to the customer names
Hence, the option a is correct
Answer:
the pension obligation on the basis of the plan formula applied to years of service to date and based on existing salary levels
Explanation:
Accumulated benefit obligation (ABO) is the nearest amount that represent the liability pension plan of the company for the time period. It is predicted and depend upon the assumption that the pension plan would be ended on instant basis also it would not considered any increment in the future salary
So according to the options given, it would determined the pension obligation that based upon the plan formula and the same would be applied to service years also it would be depend upon the existing level of salary
Answer:
B) If there are many substitutes, the price elasticity of the good is more elastic.
Explanation:
Price elasticity of demand measures how quantity demanded changes when price level changes.
If there are subsituites for a good, the demand for the good tends to be more elastic - a small change in price leads to a greater change in quantity demanded.
Suppliers would be less motivated to increase prices if there are many close substitutes for its goods.
I hope my answer helps you.