An Advantage of Correlation Is That

question 253

Multiple Choice

An advantage of correlation is that:

• A) it shows whether two or more variables are related.
• B) firm conclusions about cause and effect can be drawn.
• C) it is often useful in the first stages of a research program.
• D) it provides a large amount of information on large numbers of people.

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Definitions:

Financial Plan

A comprehensive evaluation of an individual's current and future financial state by using current known variables to predict future income, asset values, and withdrawal plans.

Program Early

Initiatives or strategies implemented at the beginning stages of a program or project to ensure its success.

Federal Loans

Government-issued loans intended to cover education costs for students, typically coming with fixed interest rates and specific repayment terms.

Credit Card Responsibility and Disclosure Act

U.S. federal legislation aimed at protecting consumers by making credit card agreements more transparent and limiting certain fees and interest rates.