The Strength of the Linear Relationship Between Two Numerical Variables

question 51

Multiple Choice

The strength of the linear relationship between two numerical variables may be measured by the

• A)scatter plot.
• B)coefficient of correlation.
• C)slope.
• D)Y-intercept.

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Definitions:

Advertising Campaign

A series of advertisement messages that share a single idea and theme intended to market a product or service.

Price Elasticity of Demand

Gauging the sensitivity of the amount of a product consumers want to buy when its price changes.

Uniqueness

Refers to the quality of being the only one of its kind; distinctiveness.

Consumer's Budget

is the total amount of income available to an individual or household to spend on goods and services or to save, after taxes.