If the Correlation Between Variables Is 0

question 29

Multiple Choice

If the correlation between variables is 0.80,what is the coefficient of determination?

• A)0.20
• B)0.34
• C)0.64
• D)0.80

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Definitions:

Economic Cost

The total cost of choosing one action over another, including both explicit costs and opportunity costs.

Opportunity Cost

The cost of forgoing the next best alternative when making a decision.

Accounting Profit

The total revenue of a business minus the explicit costs and depreciation, calculated using standard accounting practices.

Annual Revenue

The total income generated by a company or an organization from its operations, calculated on a yearly basis.