When Interpreting a Correlation Coefficient of

question 11

Multiple Choice

When interpreting a correlation coefficient of .93, 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:

Labor-Force Participation Rate

The labor-force participation rate is the percentage of the working-age population that is either employed or actively seeking employment.

Bureau of Labor Statistics

A U.S. government agency responsible for collecting and analyzing economic data related to labor market activity, working conditions, and price changes.

True Unemployment Rate

A measure of the actual number of unemployed individuals, considering those who have stopped looking for work or are underemployed.