If the Maximum Difference Is Less Then 10,the Relationship Is

question 24

Multiple Choice

If the maximum difference is less then 10,the relationship is

• A)strong.
• B)moderate.
• C)weak.
• D)statistically significant.

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Definitions:

Payoff Table

A table that shows the outcomes of different decisions under various states of nature.

Expected Opportunity Loss

The anticipated loss in value resulting from failing to select the best choice among several competing options.

EOL Criterion

A set of standards or conditions used to determine the end of life or discontinuation of a product, service, or process.

Gross Profits

The gap between earnings and the expense of products sold, prior to subtracting overhead costs, salaries, taxes, and interest charges.