Outliers Can Change the ______ of a Correlation

question 64

Multiple Choice

Outliers can change the ______ of a correlation.

• A) direction
• B) strength
• C) sign (+, -)
• D) all of these

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Definitions:

Demand Schedule

A demand schedule is a table that shows the quantity of a good or service that consumers are willing to purchase at various price points.

Slope

The measure of steepness or incline, typically describing the change in the vertical over the change in the horizontal.

Price Elasticity

A measure of how the quantity demanded of a good or service changes in response to changes in its price, indicating the sensitivity of consumers to price changes.

Cable Subscribers

Consumers who pay for access to cable television services.