A Low Correlation Coefficient Is Indicated by Correlations in the Range

question 65

Multiple Choice

A low correlation coefficient is indicated by correlations in the range ________.

• A) +1.0 to +2.0
• B) +.80 to +1.00
• C) +.40 to +.60
• D) +.20 to +.40

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Definitions:

Deadweight Loss

A reduction in economic effectiveness that happens when it's impossible to reach or the equilibrium result is not attained.

Demand Curve

A graph showing the relationship between the price of a good and the amount of that good consumers are willing to buy.

Tax

A binding monetary impost or other form of levy exacted upon a taxpayer by a governmental unit to finance the operation of the government and various public services expenses.

Sellers Receive

The amount of money that sellers are paid for their goods or services, after accounting for costs and expenses.