Which of the Following Correlation Coefficients Represents the STRONGEST Association

question 43

Multiple Choice

Which of the following correlation coefficients represents the STRONGEST association between two variables?

• A) -.88
• B) -.42
• C) +.30
• D) +.65

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Definitions:

Marginal Analysis

Assessing the supplementary gains of an activity against its incremental costs.

Particular Activity

A specific action or task typically carried out to achieve a defined purpose.

"How Much" Choice

A decision-making process that involves determining the quantity of a good or service to buy or consume, considering factors like price, utility, and budget constraints.

Margin Decision

A determination made by comparing the additional costs against the additional benefits of an action.