What Is a Statistical Association

question 29

Multiple Choice

What is a statistical association?

• A) It is a relationship between two variables that is unlikely to be due to chance.
• B) It is a relationship between two variables that may be meaningful, but that may equally well be due to chance.
• C) It is a chance association between two variables.
• D) It is an organization devoted to the documentation of numerical information from different societies.

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Definitions:

Mill Rate

A property tax rate expressed in tenths of a cent, applying to the assessed value of property.

Property Taxes

Taxes paid by property owners, typically annually, based on the assessed value of their property and the tax rate of the local government.

Assessed

Evaluated or estimated the value of (a property, a tax, a fine, etc.) for taxation or pricing purposes.

Shares Outstanding

The total number of shares of a corporation's stock that are currently owned by all its shareholders, including shares held by institutional investors and insider shares.