A Table in Which Each Variable Is Correlated with Every

question 50

Multiple Choice

A table in which each variable is correlated with every other variable is called

• A) a multivariate table
• B) an intercorrelation matrix
• C) a contingency table
• D) a pattern matrix

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Definitions:

Equity

Fairness or justice in the way people are treated or in the distribution of resources; also refers to ownership interest in a company through stocks.

Sales Tax

A tax imposed by governments on the sale of goods and services, typically a percentage of the retail price.

Low-Income

Referring to individuals or families that earn significantly less than the average income level, often qualifying for various forms of government assistance.

Positive Economics

Real-world economics that focuses on describing, analyzing, and explaining economic phenomena as it actually is, not as it should be.