Which of the Following Is a Statistical Measure of Both

question 148

Multiple Choice

Which of the following is a statistical measure of both the direction and the strength of a relationship between two variables?

• A)correlation coefficient
• B)standard deviation
• C)range
• D)mean

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Definitions:

Future Income

Expected earnings or revenue streams in the coming periods, often factored into financial planning and investment decisions.

Credit Cards

Financial instruments issued by banks and other financial institutions that allow users to borrow funds to pay for goods and services with the promise to repay the borrowed amount along with possible interest.

M1

A category of the money supply that includes all physical money like coins and currency along with demand deposits and other liquid assets held by the central bank.

Currency

The monetary system commonly utilized within a specific nation.