The Correlation Between Parental Income and the Amount of Financial

question 19

Multiple Choice

The correlation between parental income and the amount of financial aid awarded by the college to students should most probably be

• A) positive
• B) negative
• C) zero
• D) none of these, since income is a nominal measure

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Definitions:

T Distribution

A type of probability distribution that is symmetric and bell-shaped but has heavier tails than the normal distribution, used especially in small sample analysis.

Degrees of Freedom

The count of distinct values or quantities that can change during an analysis while still adhering to all constraints.

Normal Distribution

This refers to a probability distribution characterized by its symmetry about the mean, highlighting that data closer to the mean are encountered more frequently than data far from the mean.

Degrees of Freedom

The number of independent pieces of information used in the calculation of a statistic, often representing the number of values free to vary.