If Variable X Correlates at

question 8

Multiple Choice

If variable X correlates at .84 with a criterion variable, what percent of variable X's variance is in common with the criterion?

• A) 16%
• B) 42%
• C) 71%
• D) 84%

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Definitions:

Bushels

A unit of volume that is used to measure agricultural commodities like grains and fruits.

Total Product Curve

A graphical representation of the production function, showing how the quantity of output depends on the quantity of the variable input for a given quantity of the fixed input.

Fixed Input

An input whose quantity is fixed for a period of time and cannot be varied (for example, land).

Capital

Resources, including finances and assets, used by businesses to fund their operations and investments.