Pearson's R Is Best Used with Variables at the Nominal

question 1

True/False

Pearson's r is best used with variables at the nominal level of measurement.

---

Definitions:

Capital Goods

Long-lasting goods acquired by businesses to produce goods or services and not intended for immediate sale.

Savings Market

The financial market where savings are channeled from individuals or entities with surplus funds to those who need funds for investment.

Investment

The allocation of resources, such as capital or time, in the expectation of generating an income or profit.

Certificate Of Investment

A financial document representing a deposit with a specified interest rate and maturity date, often issued by banks.