A Correlation Score of Minus One Between Two Sets of Scores

question 71

True/False

A correlation score of minus one between two sets of scores indicates an exceptionally low association or relationship between the two sets.

---

Definitions:

Located Close

The condition or state of being situated near a specific point of interest or within a short distance of a particular location.

Single Firm

A business or company that operates independently without affiliations to parent or subsidiary entities.

Rivalry Among Firms

Describes competition between businesses in the same industry aimed at gaining increased market share, revenues, and customer loyalty.

Customers Locked

A situation where customers are bound to a service or product, often through contracts, making it difficult for them to switch to competitors.