Provide an Appropriate Response $0.847$ B) $0.991$ C) $0.761$ D) $0.654$

question 146

Multiple Choice

Provide an appropriate response.
-The data below are the final exam scores of 10 randomly selected calculus students and the number of hours they slept the night before the exam. Calculate the linear correlation coefficient.

• A) \(0.847\)
• B) \(0.991\)
• C) \(0.761\)
• D) \(0.654\)

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Definitions:

Elastic

Describes a situation in which the demand or supply of a product is sensitive to changes in price, meaning a small change in price leads to a large change in the quantity demanded or supplied.

Supply Curve

A graphical representation of the relationship between the price of a good and the quantity of the good supplied.

Demand Curve

A graphical representation showing the inverse relationship between the price of a good or service and the quantity demanded by consumers.

Demand

The desire and ability of consumers to purchase goods and services at given price levels.