Which of the Following Correlation Coefficients Shows the Strongest Relationship

question 26

Multiple Choice

Which of the following correlation coefficients shows the strongest relationship?

• A)0.10
• B)0.30
• C)0.90
• D)0.92

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Definitions:

Term Deposit

A type of bank deposit that has a fixed term and typically offers a higher interest rate than savings accounts.

Down Payment

An initial upfront portion of the total amount due, often associated with the purchase of expensive goods like homes or cars, which is paid at the time of the sale.

Term Deposit

A deposit at a financial institution that has a fixed term and typically offers a higher interest rate than a regular savings account.

Simple Interest

A method of calculating interest where the charge is based on the original principal amount alone, without compounding.