MrMarsh Discovers That the Measure of Association Is Zero in His

question 20

Multiple Choice

Mr.Marsh discovers that the measure of association is zero in his data relationship.What does this mean?

• A)He should stop the study right away and refuse to publish.
• B)It means that there is statistical independence.The variables do not covary.
• C)He has made a mistake in his data collection.
• D)It means that there is strong covariation.

---

Definitions:

Output

The amount of goods or services produced by a business, industry, or economy.

Supply Curve

A graphical representation showing the relationship between the price of a good and the amount of it that producers are willing to supply at each price level.

Total Variable Costs

The sum of all costs that vary directly with the level of production or output in the short term.

Output

The quantity of goods or services produced within a given time frame by a firm, sector, or country.