Which of the Following Is True of Correlations

question 23

Multiple Choice

Which of the following is true of correlations?

• A)They cannot be used to determine statistical significance.
• B)They provide the basis for transforming observations to scales.
• C)They are particularly useful with nominal scales.
• D)They describe the direction and magnitude of relationships between two variables.

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Definitions:

Breach

The violation or non-fulfillment of a legal obligation, contract, or duty, whether by omission or commission.

Implied Warranty

A legal assumption in commerce that ensures the goods sold meet certain quality and usability standards, even if not expressly stated in a contract.

Particular Purpose

Refers to a specific reason or intention for which something is used, often implicating that the product or service is suitable for that intended use.

Merchant

Under the UCC, a person who regularly sells goods as his or her business or trade or employs people to sell those goods; anyone who works for a person selling those goods; or anyone who holds himself or herself out as a “merchant” or a “dealer.”