If the Coefficient of Correlation Is 0

question 103

Multiple Choice

If the coefficient of correlation is 0.90, then the coefficient of determination

• A)is also 0.9
• B)is either 0.81 or -0.81
• C)can be either negative or positive
• D)must be 0.81

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Definitions:

Perfectly Inelastic

Describes a situation where the quantity demanded or supplied does not change despite changes in price.

Excise Tax

A tax imposed on the sale of specific goods and services, such as tobacco, alcohol, and gasoline.

Marginal Rate

The rate at which the cost or value of something changes with a one-unit increase in quantity or production.

Taxable Income

The amount of income used to calculate how much tax an individual or a company owes to the government in a given tax year.