When Figuring a Correlation Coefficient,scores Are First Converted to Z

question 71

Multiple Choice

When figuring a correlation coefficient,scores are first converted to Z scores because

• A)the standard deviation is the same for every variable.
• B)scores can never be more than 2 standard deviations from the mean.
• C)all scores are on a consistent 0 to 1 scale.
• D)high scores are positive numbers,and low scores are negative numbers.

---

Definitions:

Duopoly

A market structure dominated by two firms, each having significant control over the market price and influencing competition dynamics.

Nash Equilibrium

A concept in game theory where no participant can gain by changing strategies if the other participants' strategies remain unchanged.

Diagram

A basic illustration that depicts the look, framework, or function of something through a schematic outline.

Collude

Collude means to cooperate with others, usually in secret, especially with competitors to achieve a deceitful purpose, like fixing market prices.