Significant Correlations Are Not Able to Indicate _______

question 51

Multiple Choice

Significant correlations are not able to indicate _______.

• A)the probability level
• B)the size of the effect
• C)causality
• D)the strength of the effect

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Definitions:

Capital Expenditures

Investments in physical assets or improvements, including buildings, equipment, and technology, that will benefit a business in the long term.

Tracking Signal

A measurement of how well a forecast is predicting actual values.

Cumulative Error

The overall error that accumulates when multiple measurements or calculations are combined or sequenced in a process.

Mean Absolute Deviation

A measure of variability that quantifies the average absolute difference between each data point and the mean of the data set.