Regarding Correlation Coefficients, Which of the Following Statements Is FALSE

question 53

Multiple Choice

Regarding correlation coefficients, which of the following statements is FALSE?

• A)The most common type is the Pearson r.
• B)Correlations between most variables in psychology are rarely +1.00 or -1.00.
• C)The strength of the correlation coefficient is determined by the sign in front of it.
• D)The sign in front of the correlation coefficient tells about the type of relationship between the variables.

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Definitions:

Financial Centers

Locations that are major hubs for banking, finance, and investment activities, often characterized by a high concentration of financial institutions.

Walmart

A multinational retail corporation that operates a chain of hypermarkets, discount department stores, and grocery stores, known for its wide range of products and low prices.

Check Cashing

A service typically offered by financial institutions or specialized stores, allowing individuals to convert checks into cash without a bank account.

M1

A category of the money supply that includes all physical money like coins and currency, as well as checkable deposits and traveler's checks.