1. What is the X and Y variable for this problem? When one company buys another
ID: 3198830 • Letter: 1
Question
1. What is the X and Y variable for this problem?
When one company buys another company, it is not unusual that some workers are terminated. The severance benefits offered to the laid - off workers are often the subject of dispute. Suppose that the Laurier Company recently bought the Western Company and sub sequently terminated 20 of Western’s employees. As part of the buyout agreement, it was promised that the severance package offered to the former Western employees would be equivalent to those offered to Laurier employees who had been terminated in the pas t year. Thirty - six - year - old Bill Smith, a Western employee for the past 10 years, was one of those let go. His severance package included an offer of 5 weeks’ severance pay. Bill complained that this offer was less than that offered to Laurier’s employees when they were laid off, in contravention of the buyout agreement. A statistician was called in to settle the dispute. The statistician was told that severance is determined by length of service with the company. To determine how generous the severance pac kage had been, a random sample of 50 Laurier ex - employees was taken.
For each, the following variables were recorded: Number of weeks of severance pay Number of years with the com pany
Explanation / Answer
Number of weeks of severance pay depends on Number of yearsof service with the company
x =inpedendent variable = Number of yearsof service with the company
y = dependent variable = Number of weeks of severance pay
x = Number of yearsof service with the company
y = Number of weeks of severance pay
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