Professor Jordan Has Suggested to His Students That a Correlation

question 53

Multiple Choice

Professor Jordan has suggested to his students that a correlation exists between the number of hours spent in serious study and one's grade on the final exam. He would like his students to improve their test scores by increasing study time. The professor is describing a

• A) mean score.
• B) negative correlation.
• C) positive correlation.
• D) standard deviation.

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Definitions:

Utility Function

A mathematical representation in economics of how a person ranks different bundles of goods according to their level of happiness or satisfaction.

Consumption Bundle

The collection of all the goods and services consumed by a given individual.

Satisfaction

The feeling of pleasure or contentment resulting from achieving one's goals or meeting one's needs and desires.

Marginal Utility

The extra utility or pleasure a person receives by using an additional unit of a good or service.