The ____________________ of X and Y Is One Measure of the Strength

question 205

Short Answer

The ____________________ of X and Y is one measure of the strength and direction of the linear relationship between X and Y.However this number is hard to put into perspective.

---

Definitions:

Trade

The action of buying and selling goods and services among parties, which can occur within a country (domestic) or between countries (international).

Tariff

A tax imposed on imported goods to increase their price, intended to protect domestic industries.

Imported Good

A product or service brought into one country from another for the purpose of sale.

Tax

A compulsory financial charge or some other type of levy imposed upon a taxpayer by a governmental organization to fund government spending and various public expenditures.