Correlation Between Two Variables Means That

question 51

Multiple Choice

Correlation between two variables means that

• A)the dependent variable changes proportionally with the independent one.
• B)there is no relationship at all between the independent and dependent variables.
• C)only independent variables can be correlated.
• D)the independent variable causes the dependent variable.
• E)the dependent variable causes the independent variable.

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Definitions:

Relevant Range

The range of activity within which assumptions about variable and fixed cost behaviors are valid.

Car Washing Labour Cost

The expense associated with the human effort required in the process of cleaning cars.

Coefficient Of Determination

A statistical measure, represented as a number between 0 and 1, that indicates the proportion of the variance in the dependent variable that is predictable from the independent variable(s).

Regression Model

A statistical technique used to understand the relationship between independent variables and a dependent variable, helping in prediction and forecasting.