Mario Found a

question 47

Multiple Choice

Mario found a +.80 correlation coefficient between height and diet. He was able to conclude:

• A) A particular diet causes people to grow.
• B) People who are taller eat more.
• C) There is a strong relationship between height and diet.
• D) People should careful what they feed their children because it could stunt their growth.

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Definitions:

Opportunity Cost

Signifies the advantages that a person, investor, or company forgoes by selecting one option instead of another.

Tables

Arrangements of data in rows and columns that systematically display information.

Comparative Advantage

The ability of an individual, firm, or country to produce a certain good at a lower opportunity cost than its trading partners.

Total Output

Total output refers to the total value of all goods and services produced in an economy over a specific period.