A Researcher Computes a Correlation Coefficient Between Variables X and Y

question 76

Multiple Choice

A researcher computes a correlation coefficient between variables X and Y using a handheld calculator.Which of the following values would automatically tell the researcher that he or she made a mistake?

• A) 2.50
• B) 0.75
• C) 0
• D) -0.98

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Definitions:

Ground Beef

Beef that has been finely chopped by a meat grinder or a similar tool, often used in cooking various dishes.

Demand Elasticity

An indicator of the responsiveness of the quantity demanded of a product to changes in its price, where an elasticity greater than one signifies heightened sensitivity.

Total Revenue

The total amount of money received by a company from sales of goods or services, before any expenses are subtracted.

Elastic

Describes a situation where the demand or supply for a good or service significantly changes in response to a change in price.