After Calculating a Correlation Coefficient You Discover That the Value

question 36

Multiple Choice

After calculating a correlation coefficient you discover that the value is not significant at the 5% level. What can be done to produce a significant difference?

• A) Increase the sample size
• B) Decrease the sample size
• C) Nothing, the value will remain the same regardless of sample size

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Definitions:

World's Leading

A term often used to describe a company, product, or service that is recognized as the most successful, advanced, or highest quality in its field on a global scale.

Trade Feedback Effect

A phenomenon where an increase in exports leads to an increase in national income and, consequently, an increase in imports.

Economic Flows

Refers to the movements of funds that reflect economic activity, including the flow of money within and between countries, such as trade, investment, and financial transactions.

Free Trade

International trade left to its natural course without tariffs, quotas, or other restrictions.