For a Positive Linear Correlation That Is Not Perfect, the Average

question 85

Multiple Choice

For a positive linear correlation that is not perfect, the average of the cross-products of Z scores is between:

• A)-1 and 0
• B)0 and .5
• C)-.5 and .5
• D)0 and 1

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Definitions:

Total Utility

The total satisfaction or benefit that a consumer receives from consuming a given quantity of goods or services.

Current Consumption

The amount of goods and services consumed by individuals or households in the present period.

Marginal Utility

Additional contentment or usefulness achieved through the use of one more unit of a good or service.

Utility

In the field of economics, the complete pleasure derived from the consumption of a product or service.