Measures of Association Are Used to Indicate

question 9

Multiple Choice

Measures of association are used to indicate:

• A)the average score of a set of data.
• B)the strength of a relationship between two variables.
• C)the amount of dispersion in a set of scores.
• D)whether findings from a sample can be generalized to a population.

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Definitions:

Initial Investment

The amount of money used to start a project, purchase an asset, or invest in a business venture for the first time.

Depreciation

The accounting method of allocating the cost of a tangible asset over its useful life.

Operating Leverage

A measure of how sensitive a company's operating income is to changes in revenue.

Marginal Tax Rate

The rate of tax applied to the next dollar of taxable income, indicating how much tax will be paid on an additional dollar earned.