Which Correlation Coefficient Value Indicates the Strongest Relationship

question 100

Multiple Choice

Which correlation coefficient value indicates the strongest relationship?

• A) -.23
• B) .57
• C) .15
• D) -.82

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Definitions:

Reduce Output

A decision or strategy to decrease the quantity of goods or services produced by a company or economy.

Increase Output

To raise the quantity of goods or services produced within a given time period.

Pure Monopoly

A market structure where a single firm is the sole producer and seller of a product or service, with no close substitutes available.

Profit-Maximizing Outputs

The level of production at which a company can achieve the highest possible profit.