Find the Correlation Coefficient $0.7077$ B) $0.2353$ C) $0.2456$

question 39

Multiple Choice

Find the correlation coefficient.
-The following are costs of advertising (in thousands of dollars) and the number of products sold thousands) :

• A) \( 0.7077 \)
• B) \( 0.2353 \)
• C) \( 0.2456 \)
• D) \( -0.0707 \)

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Definitions:

Equivalent Risk

A concept in finance that refers to equating the risk level of an investment with another, for comparison or investment decision purposes.

Market Value

Market Value refers to the current price at which an asset or service can be bought or sold in a marketplace, reflecting its perceived value by participants.