When Interested in Examining How One Variable Changes in Relation

question 66

Multiple Choice

When interested in examining how one variable changes in relation to another,which of the following descriptive statistics would you want to use?

• A)mean
• B)variance
• C)correlation
• D)standard deviation

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Definitions:

Clearinghouse

An intermediary between buyers and sellers of financial instruments that ensures the orderly and efficient settlement of transactions.

Futures Contract

An official contract sanctioned by law for the buying or selling of a particular good at a set price, due at a future time.

Guarantee

A formal pledge to pay another's debt or to perform an obligation if the person who is supposed to pay or perform fails to do so.

Fulfill

To achieve or complete a duty, requirement, or condition.