When We Say That a Correlation Coefficient Is Statistically Significant

question 22

Multiple Choice

When we say that a correlation coefficient is statistically significant, we mean that

• A) we have reason to believe that it reflects an important relationship between variables.
• B) we have reason to believe that the relationship is positive.
• C) we have reason to believe that the true correlation in the population is not 0.0.
• D) we have strong support for a causal statement about the relationship.

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Definitions:

National Debt

The total amount of money that a country's government has borrowed and still owes.

Government Expenditures

Government expenditures are the total amount spent by public entities on goods, services, and obligations, influencing economic activity and fiscal policy.

Tax Receipts

The income generated for a government through taxation, which can include revenue from individuals, corporations, and other taxes.

Budget Deficit

A situation where a government's expenditures exceed its revenues, leading to the need for borrowing or using saved reserves.