In Correlation Analysis, the Independent Variable Is

question 37

Multiple Choice

In correlation analysis, the independent variable is

• A) the variable that is scaled on the vertical axes.
• B) the variable that is being predicted or estimated.
• C) a variable that provides the basis for estimation. It is the predictor variable.

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Definitions:

Income

The money received by an individual or business for work, from investments, or from other sources.

Families

Groups of individuals related by blood, marriage, or other significant relationships who typically live together and share economic and social responsibilities.

Insurance Premium

The payment made to an insurance company for coverage, which usually occurs on a regular basis, such as monthly or annually.

Risk-Averse

Refers to the preference of individuals or organizations to avoid risks and opt for the most certain outcome.