Find the Value of the Linear Correlation Coefficient R
-The

question 46

Multiple Choice

Find the value of the linear correlation coefficient r
-The paired data below consist of the temperatures on randomly chosen days and the amount a certain kind of plant grew (in millimeters) : $\begin{array}{c|rrrrrrrrr}\text { Temp } & 62 & 76 & 50 & 51 & 71 & 46 & 51 & 44 & 79 \\\hline \text { Growth } & 36 & 39 & 50 & 13 & 33 & 33 & 17 & 6 & 16\end{array}$

• A) \(- 0.210\)
• B) \(0.256\)
• C) 0
• D) \(0.196\)

Identify and understand barriers to entry in a market, including government franchises, patents, economies of scale, and the ownership of a scarce resource.

Comprehend how network externalities impact market concentration and efficiency.

Understand the conditions under which a monopoly maximizes its profits, including how to determine optimal output levels and pricing strategies.

Gain insight into the societal impacts of monopolies, including potential societal losses and the role of rent-seeking activities in monopoly profits.