When Interpreting a Correlation Coefficient of -

question 23

Multiple Choice

When interpreting a correlation coefficient of -.95, you would say that there is a _____ linear relationship between x and y.

• A) strong positive
• B) weak positive
• C) weak negative
• D) strong negative

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Definitions:

Trade

The exchange of goods or services between parties, which could be within an economy or between economies.

Coffee

A brewed drink prepared from roasted coffee beans, which are the seeds of berries from the Coffea plant.

Comparative Advantage

The ability of an individual or group to carry out a particular economic activity more efficiently than another activity.

World Price

The international market price for a product, influenced by global supply and demand.