Which of the Following Is Closest to a Perfect Positive

question 40

Multiple Choice

Which of the following is closest to a perfect positive correlation?

• A)0.49
• B)0.98
• C)-0.049
• D)-0.98

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Definitions:

Cannibalization

The decline in the number of units sold, income, or market control of a product following the release of a new product by the same company.

MR

Marginal Revenue, the change in total revenue that results from selling one additional unit of a product or service.

MC

The additional cost of producing one more unit of a product or service, known as marginal cost.

Substitute Brands

Brands that offer products or services which consumers may use in place of each other based on preference, price, or availability.