A Correlation Coefficient Close to Either -1

question 108

Multiple Choice

A correlation coefficient close to either -1.00 or 1.00 is termed a _____ correlation.

• A)significant
• B)large
• C)strong
• D)positive

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Definitions:

State and County Tax Rolls

Public records listing property within a given jurisdiction for the purpose of determining tax liabilities based on property values.

Market Equilibrium

The condition in a market where the quantity supplied is equal to the quantity demanded at a certain price level.

Total Consumer Surplus

The total benefit received by consumers in a market transaction, measured as the difference between what consumers are willing to pay and what they actually pay.

Price Ceiling

A government-imposed limit on how high the price of a good or service can be charged, usually intended to protect consumers.