Respond to (2) students posts. Please do not critique grammer or structure. Respond to post. Please be sure answers are researched, informed, and substantiated by citing sources used at the bottom of your discussion post.
Question 1 was:
The outcome for Chapter 14.3 states that “Regression analysis is a statistical tool that is used for two main purposes: descriiption and prediction.”
Based on the outcome, provide a current event of a business application using regression analysis for decision making.
Peer Response was:
Megan
Greetings All,
Regression analysis in business is a statistical method used to find the relations between two or more independent and dependent variables. One variable is independent and its impact on the other dependent variables is measured. Regression analysis helps an organization to understand what their data points represent and use them accordingly with the help of business analytical techniques in order to do better decision-making. For example, in the credit card company, regression analysis helps in understanding various factors like customer’s risk of credit default, expected consumer behavior, prediction of credit balance, etc. and based on these results the company implements specific EMI options while minimizing the default among risky customers (Choudhury, 2022).
Choudhury, A., 2022. Why Regression Analysis Is The Backbone For Enterprises. [online] Analytics India Magazine. Available at: <” target=”_blank” title=”https://analyticsindiamag.com/why-regression-analysis-is-the-backbone-for-enterprises/>”>https://analyticsindiamag.com/why-regression-analysis-is-the-backbone-for-enterprises/> [Accessed 1 June 2022].
Question 2 was:
Discuss the following:
Pursuant to the chapter reading, what wage and work hour protections exist for employees today? Identify and explain at least three and summarize the statutory laws affecting employee rights over the past 50 years. Explain the evolution of the law in your own words.
To ensure employee safety in the workplace, Congress passed the Occupational Safety and Health Act of 1970. The Act is administrated by the Occupational Safety and Health Administration (OSHA) that investigates safety and health violations in the workplace and, through the justice department, imposes fines and/or injunctions on companies that violate the Act. Research a safety and health violation in your home state and provide the example, summarizing the facts and the outcome.
What happens when an employee is hurt on the job? Explain the law regarding worker’s compensation in your home state and provide a source for your information.
Peer Response was:
Shireen
Hello Class
Research a safety and health violation in New York and provide the example, summarizing the facts and the outcome. In May 2012, a glass manufacturer allegedly exposed employees to crystalline silica dust after improperly removing materials containing the substance from their plant. The silica dust produced by these hazardous substances may be absorbed into the lungs during manufacturing, causing harm over time. OSHA issued an official warning letter to the company and fined them $49,000 in response to this incident and other safety violations that were discovered through its investigation.
New York has a strict policy on workplace safety and health. Employers are required to follow the rules, but when they don’t, OSHA will investigate. For example, in 1998, while installing a new roof on an office building, the contractor cut corners by using an inadequate number of workers and failing to provide them with decent working conditions such as proper protective clothing or training on how to use fall protection equipment. The contractor’s actions resulted in two workers falling off the roof, one suffering serious injuries and being hospitalized for three months while the other died from his injuries.
The OSHA Act of 1970 is the primary legislation used to address safety and health in the workplace. The Act was passed by congress on December 29, 1970 after a series of investigative reports by news organizations in the early 1960s revealed that conditions for workers were often unsafe and unhealthy. It created a federal agency, the Occupational Safety and Health Administration (OSHA) that regulates safety and health conditions. If employers do not meet minimum safety requirements, OSHA can levy fines against them and require changes that improve workplace safety.
A New York employer, Griffin Manufacturing Company was fined $10,000 by the Occupational Safety and Health Administration (OSHA) after an inspection discovered four violations in their workplace. Three of the violations include failure to establish an injury prevention program, not training employees in safety procedures and lack of an effective hearing conservation program. After investigation, OSHA concluded that the hearing conservation program was insufficient due to improper implementation. The other violation which was failure to provide information and instruction on hazardous chemicals used in the workplace resulted from inadequate labeling on drums containing gasoline stored nearby crushed plastic pellets which were found to have been contaminated with lead dioxide.
When an employee gets hurt on the job and is unable to work, they are entitled to worker’s compensation. This insurance coverage is set up by each state, and allows workers who are injured in a work-related accident to be compensated for their injuries. The amount of compensation that is received will depend on the state in which the person was employed and the type of injury sustained. There are certain requirements that must be met before an employee can receive worker’s compensation benefits.
When an employee is hurt on the job, the law requires that employers must pay for the medical bills and lost wages of their employees. Workers’ compensation is a disability insurance program in which employees are compensated for injuries that occur while they are working.
Employees who are hurt on the job have the right to workers’ compensation. In some cases, employees can file for benefits with their employer’s insurance carrier and receive medical care as well as a portion of their lost wages. This can protect them against additional financial hardship due to their injury and allow them to focus on getting better, rather than worrying about how they will pay their bills while off work.
The workers’ compensation law in New York is a system of insurance that protects all workers who are injured on the job. Benefits are payable for disabilities arising out of and in the course of employment, including death benefits
The New York workers compensation law is based on the theory of total compensation, which provides for payment of a specified amount of weekly benefits during periods of temporary disability and permanent partial disability. The amount is determined by factors listed in the Work Injury Benefits Law (WIB) including: – The extent of the “loss” or “disability” suffered by an injured employee. – The duration of such loss/disability. – The employee’s average weekly wage earned prior to injury. The New York State Workers’ Compensation board provides the following explanation: Workers’ compensation is designed to provide medical care, rehabilitation and possible wage replacement benefits to an employee who is injured while working. It also covers funeral costs of workers killed on duty or by occupational disease and occupational diseases that are work-related
From Workers Compensation NY, the official website of New York State’s workers’ compensation program: “Employees who are injured on the job in New York State must file a claim with their employer to receive compensation for their injury or illness. If the employer knows, or should reasonably know, that an employee has suffered an occupational disease due to his or her exposure to workplace hazards, that employer must report the injury or occupational disease promptly and without delay in accordance with the reporting requirements.
New York workers’ compensation laws are designed to provide benefits for employees who have suffered a job-related injury or illness. The New York State Workers’ Compensation law applies to employers and employees in the private sector, except for those involved in the construction industry. In certain circumstances, volunteer firemen and emergency medical service providers are also covered under the law.
New York law states that employers must provide workers compensation insurance. The wage correction law ensures that injured employees will receive their full income while they are recovering and unable to work. The workers compensation statute is Title 5 NY CLS §210 (General) and 211 (Temporary Disability Benefits).
References
Goodman, J. M. (2022). Public Health Benefits of Paid Family Leave Policies Depend on Equitable Policy Design. American Journal of Public Health, 112(2), 194-196.
Sanghavi, K., Cohn, B., Prince, A. E., Feero, W. G., Ryan, K. A., Spector-Bagdady, K., … & Mathews, D. J. (2022). Voluntary workplace genomic testing: wellness benefit or Pandora’s box?. npj Genomic Medicine, 7(1), 1-6.
