Which of These Values of the Correlation Coefficient Indicates the Weakest

question 66

Multiple Choice

Which of these values of the correlation coefficient indicates the weakest relationship between two variables?

• A) -0.87
• B) -0.30
• C) 0.42
• D) 0.03

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Definitions:

Marginal Analysis

The examination of the benefits and costs of choosing one more or one less unit of a good or service.

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The opportunity costs of using resources owned by the firm for its own production instead of selling or renting them to others.

Interest Rate

The price, calculated as a percentage of the amount borrowed, that a lender charges a borrower for the use of their savings for one year.

Salary

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