According to Box 4

question 3

Multiple Choice

According to Box 4.4, a correlation coefficient of .10 between SAT score and college GPA is statistically significant at p < .01. This indicates that the association is

• A) weak but significant.
• B) weak and nonsignificant.
• C) strong and significant.
• D) strong but nonsignificant.

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Definitions:

Economics of Information

A study within economics that analyzes how information affects an economy and economic decisions.

Rational Assessment

The evaluation of situations or solving problems based on logic and reasoning, often involving critical thinking and analysis.

Hyperopia

In marketing, refers to a consumer's tendency to prioritize long-term benefits over immediate gratification, opposite of myopia. In vision, it is farsightedness.

Habitual Decision Making

The process of making choices that are consistent and routine, often without much thought, typically based on past behaviors and patterns.