If the Coefficient of Correlation Is -0

question 188

Multiple Choice

If the coefficient of correlation is -0.80,then the percentage of the variation in y that is explained by the variation in x is:

• A) 80%
• B) 64%
• C) 89%
• D) None of these choices.

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Definitions:

Expected Inflation

The rate at which prices of goods and services are anticipated to rise over time, as forecasted by consumers, businesses, and economists.

Actual Inflation

The rate at which the general level of prices for goods and services is rising, and subsequently, eroding purchasing power.

Unemployment Rate

The unemployment rate is the percentage of the labor force that is jobless and actively seeking employment.

Expected Inflation

The rate at which the general level of prices for goods and services is anticipated to rise over a specified period.