Which of These Correlation Coefficients Indicates the Strongest Relationship

question 58

Multiple Choice

Which of these correlation coefficients indicates the strongest relationship?

• A) r = +.007
• B) r = +.60
• C) r = -.79
• D) r = -.199

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Definitions:

Norway

Norway is a Nordic country located in Northern Europe, known for its extensive coastline, mountainous terrain, and significant oil reserves, which is one of the world's wealthiest nations per capita.

Socialist

refers to a political and economic theory of social organization which advocates for the means of production, distribution, and exchange to be owned or regulated by the community as a whole.

Price Mechanism

The way in which prices rise and fall to balance supply and demand, allocating resources efficiently in a market economy.

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are companies operating in the same industry or market that offer similar products or services to consumers.