Coefficients of Correlation Range from a Maximum of +10 to a Minimum

question 50

True/False

Coefficients of correlation range from a maximum of +10 to a minimum of -10.

---

Definitions:

Unemployment

The situation when individuals who are willing and able to work are unable to find employment, often measured by the unemployment rate.

Saving

Disposable income not spent for consumer goods; equal to disposable income minus personal consumption expenditures; saving is a flow. Compare with savings.

Developing Countries

Nations with a lower level of industrialization, lower living standards, and lower Human Development Index (HDI) scores compared to developed countries.

Banking System

The network of institutions that provide financial services, including the holding of deposits, providing loans, and facilitating payments.