If the Correlation Between Two Variables Is

question 25

Multiple Choice

If the correlation between two variables is .496, how much of the variance has not been accounted for?

• A)24.6%
• B)49.6%
• C)50.4%
• D)75.4%

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Definitions:

Illusory Correlation

The tendency to overestimate the link between variables that are related only slightly or not at all.

Hot Hand Player

The belief or phenomenon where a person is perceived to be more likely to succeed in a task (e.g., scoring in sports) because of previous consecutive successes, despite statistical evidence often suggesting randomness.

Coin Flip

A method of making a binary decision or selecting randomly between two options using the outcome of a tossed coin.

Base Rate Fallacy

A cognitive error where individuals ignore general statistical information (base rates) in favor of specific anecdotal information.