Which of the Following Is a Property of R,the Coefficient

question 69

Multiple Choice

Which of the following is a property of r,the coefficient of correlation?

• A)r always lies between 0 and 1.
• B)r has no units.
• C)If you switch the values of X and Y,the sign of r changes.
• D)All of these choices are true.

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Definitions:

Price Ranges

The spread between the lowest and highest price at which a good or service is sold in a market.

Price Elasticity

A calculation that shows the impact of price changes on the quantity of a good that is demanded.

Price Increase

A rise in the cost of goods or services, affecting the purchasing power of consumers.

Widgets

A generic term often used to refer to any hypothetical manufactured good or product.