If the Correlation Coefficient Between X and Y Is Equal

question 5

Multiple Choice

If the correlation coefficient between x and y is equal to 1,we say that x and y are

• A) perfectly positively correlated.
• B) acyclical.
• C) perfectly negatively correlated.
• D) leading variables.
• E) lagging variables.

---

Definitions:

Advertising

The activity or profession of producing advertisements for commercial products or services.

Elastic Demand

A situation where the quantity demanded of a good or service significantly changes in response to a change in price.

Total Revenue

The total amount of money generated by the sale of goods or services, calculated as the unit price multiplied by the quantity sold.

Delicatessen

A store or section of a grocery store selling cured meats, cheese, and other specialty food items.