The Coefficient of Correlation

question 4

Multiple Choice

The coefficient of correlation

• A)is the same as the coefficient of determination
• B)can be larger than 1
• C)cannot be larger than 1
• D)cannot be negative

---

Definitions:

Marginal Output

The additional output that results from increasing the production input by one unit.

Total Output

The total value of all goods and services produced in an economy during a specific period.

Workers

Individuals engaged in any form of employment, contributing labor for the production of goods and services.

ATC

Average Total Cost, a term in economics that refers to the total cost per unit of output, calculated by dividing the total cost by the quantity of output produced.