Which of the Following Correlation Coefficients Indicates the Strongest Relationship

question 102

Multiple Choice

Which of the following correlation coefficients indicates the strongest relationship?

• A) -0.93
• B) +0.87
• C) +0.13
• D) -0.47

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Definitions:

Income

The money received, especially on a regular basis, for work or through investments.

Marginal Utility

The increased enjoyment or value one gets from the consumption of an extra unit of a good or service.

Marginal Utility

The added satisfaction or usefulness obtained from using one more unit of a product or service.

Total Utility

The total satisfaction or benefit received by consuming a particular quantity of a good or service.