Consider the Data Set Shown Below A) 09383
B) 0

question 52

Multiple Choice

Consider the data set shown below. Find the coefficient of correlation for between the variables x and y. $$\begin{array} { c | c | c | c | c | c | c | c } \mathrm { y } & 0 & 3 & 2 & 3 & 8 & 10 & 11 \\\hline \mathrm { x } & - 2 & 0 & 2 & 4 & 6 & 8 & 10\end{array}$$

• A) 0.9383
• B) 0.8804
• C) 0.9489
• D) 0.9003

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Definitions:

Final Sales

The total value of all goods and services sold for final use, excluding intermediary transactions and unsold inventory.

Leakage

In economics, the term refers to a situation where income or resources exit an economy or system rather than being retained or reinvested.

Circular Flow

Describes the continuous movement of goods, services, and money between households and businesses in an economy, illustrating how these entities interact in the markets for resources and products.

Gross Domestic Product

The total value of all goods and services produced within a country's borders in a specific time period, serving as a broad measure of economic activity.