The Proportionate Reduction in Error Is Preferred Over the Correlation

question 32

Multiple Choice

The proportionate reduction in error is preferred over the correlation coefficient for

• A)determining the direction of causality.
• B)eliminating any third variables that may have been affecting the results.
• C)reducing any errors that may have occurred.
• D)comparing correlations with each other.

---

Definitions:

Checking Account Balance

The amount of money currently available in someone's checking account.

Confidence Interval

A range of values, derived from the statistics of observed data, that is believed to contain the true value of an unknown parameter with a certain probability.

Credit Union

A member-owned financial cooperative that provides traditional banking services like savings and loan facilities to its members.

Random Sample

A subset of individuals chosen from a larger set, where each individual has an equal probability of being selected.