What Is Indicated by a Negative Correlation Between Grade Point

question 18

Multiple Choice

What is indicated by a negative correlation between grade point average and the number of hours spent studying for a sample of college students?

• A) As the number of hours increases, grade point average also increases.
• B) As the number of hours increases, grade point average decreases.
• C) As the number of hours decreases, grade point average also decreases.
• D) A negative correlation indicates that there is no consistent relationship.

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Definitions:

TVC

Total Variable Cost, which refers to the total of all costs that vary with the level of output or production activity.

Short Run

A period in economics during which at least one input, such as plant size, is fixed, and only some factors of production can be varied.

TC

Total Cost, which refers to the aggregate amount of expenses incurred by a business in producing goods or services.

AVC

Average Variable Cost, the total variable costs divided by the quantity of output produced, representing the variable cost per unit of output.