All but One of the Statements Below Contain a Mistake

question 1

Multiple Choice

All but one of the statements below contain a mistake.Which one could be true?

• A)If the correlation between blood alcohol level and reaction time is 0.73, then the correlation between reaction time and blood alcohol level is -0.73.
• B)The correlation between the breed of a dog and its weight is 0.435.
• C)The correlation between gender and age is -0.171.
• D)The correlation between height and weight is 0.568 inches per pound.
• E)The correlation between weight and length of foot is 0.488.

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Definitions:

Nominal Wages

The amount of money paid to workers before considering the effects of inflation on purchasing power.

Price Level

A measure of the average level of prices of goods and services in the economy at a specific time.

Passive Approach

An investment strategy that aims to maximize returns by minimizing buying and selling actions, typically by investing in long-term vehicles like index funds.

Macroeconomic Policy

Government actions and strategies designed to influence overall economic performance, including unemployment rates, inflation, and economic growth.