In the Past,there Was a Strong Correlation Between Ice Cream

question 88

Multiple Choice

In the past,there was a strong correlation between ice cream consumption by children and polio cases for children.There was not a causal relationship due to:

• A) a common underlying omitted variable.
• B) reverse causality.
• C) accounting fraud practiced by Baskin Robbins.
• D) an infection present in cherries.

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Definitions:

Historical Record

Documentation or archives of past events, transactions, or values, often used for reference.

Small Stocks

Shares of companies with relatively small market capitalization.

Canadian Treasury Bills

Short-term government securities issued by the Canadian government, featuring a maturity of less than one year and sold at a discount.

Volatility

A statistical measure of the dispersion of returns for a given security or market index, often associated with the level of risk involved.