A Correlation of Zero Between Two Quantitative Variables Means That

question 23

Multiple Choice

A correlation of zero between two quantitative variables means that

• A)there is no linear association between the two variables.
• B)re-expressing the data will guarantee a linear association between the two variables.
• C)there is no association between the two variables.
• D)we have done something wrong in our calculation of r.
• E)none of these

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Definitions:

Bundle

A combination of various goods and services that a consumer can choose to consume, given their income and preferences.

Entertainment

Activities, performances, or media produced to provide enjoyment and amusement to individuals or groups.

Subsidy

is financial assistance provided by the government to individuals or groups to support an economic activity deemed beneficial.

Revealed Preferred

A concept in consumer choice theory that preferences can be determined by observing consumer choices under different constraints.