The Coefficient of Correlation Conveys

question 49

Multiple Choice

The coefficient of correlation conveys:

• A) the size and direction of the relationship between two variables.
• B) whether one variable causes the other variable to happen.
• C) the unintended changes in a subject's behaviour due to the experimenter's cues.
• D) whether or not the principle of falsifiability applies to each variable.

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Definitions:

Pounds

A unit of weight commonly used in the United States, equivalent to 0.453592 kilograms, or a British currency (GBP).

Hedged Delivery

A strategy used in trading and finance to minimize risk by taking compensating positions in related securities or commodities.

Futures Contracts

Legal agreements to buy or sell a particular commodity or financial instrument at a predetermined price at a specified time in the future.

Profit (Loss)

Profit or loss refers to the financial result that is calculated by subtracting total expenses from total revenues, with profit indicating a positive result and loss indicating a negative result.