The Greatest Disadvantage of Correlation Is

question 6

Multiple Choice

The greatest disadvantage of correlation is:

• A)it has a limited range of values,being only -1 to +1.
• B)it does not enable cause-and-effect conclusions.
• C)its value can be negative.
• D)its value can be zero.

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Definitions:

Excess Capacity

A situation where a company can produce more goods than the market demands, indicating underused resources or a need for adjustment in production levels.

Selling Price

The amount of money for which a product or service is sold to the consumer, not necessarily reflective of the total price or production costs.

Purchase Order

A formal document sent by a buyer to a seller with the intent to purchase products or services under specified terms.

Peak Demand

The highest point of consumer demand for a product or service within a particular period, often leading to strain on resources or increased costs.