After Calculating a Correlation Coefficient You Discover That the Value

question 36

Multiple Choice

After calculating a correlation coefficient you discover that the value is not significant at the 5% level. What can be done to produce a significant difference?

• A) Increase the sample size
• B) Decrease the sample size
• C) Nothing, the value will remain the same regardless of sample size

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Definitions:

Percent Unemployment

The slice of the labor force that remains without work but is actively engaging in job search.

Capacity Utilization Rate

A measure of how much of a company's or industry's potential output is being used, often expressed as a percentage.

Unemployment Rate

The percentage of the labor force that is jobless and seeking employment, a key indicator of economic health.

Opportunity Cost

The loss incurred from not choosing the immediate best alternative in the course of decision-making.