Suppose You Find That Sleepiness and Happiness Are Correlated at -.65.What

question 6

Essay

Suppose you find that sleepiness and happiness are correlated at -.65.What does this value tell us in terms of what percentage of happiness is not associated with sleepiness?

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Definitions:

Elastic

Describes a situation in which the demand or supply for a good or service changes significantly when its price changes.

Inelastic

A situation in which the demand or supply for a product does not change significantly in response to price changes.

Fixed Productive Capacity

The maximum output that an economy can produce without increasing inflation, assuming resources are fully utilized.

Chocolate

A sweet, typically brown food preparation of roasted and ground cacao seeds.