Under What Circumstances Is the Phi-Coefficient Used

question 28

Multiple Choice

Under what circumstances is the phi-coefficient used?

• A)When one variable consists of ranks and the other is regular, numerical scores
• B)When both variables consists of ranks
• C)When both X and Y are dichotomous variables
• D)When one variable is dichotomous and the other is regular, numerical scores

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Definitions:

Supply

The total amount of a product or service that is available to consumers at a specific price over a given period.

Economy Moves

Refers to the overall changes or shifts in economic activity, growth, and health within a particular economy over time.

Ceteris Paribus

A Latin phrase meaning "other things being equal," used in economics to isolate the effect of one variable by holding others constant.

Consumer Income

Refers to the total earnings or financial inflow that consumers receive from all sources, affecting their purchasing power and demand for goods and services.