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Explain What Is Meant by a Correlation Between Two Variables,how

question 126

Essay

Explain what is meant by a correlation between two variables,how one would know if a correlation coefficient were weak or strong,and what constitutes a perfect relationship;describe what is meant by positive,negative,and zero correlations and give an example of each.


Definitions:

Compound Interest

Interest on a loan or deposit calculated based on both the initial principal and the accumulated interest from previous periods.

Future Value

The worth of a present asset on a future specified date, calculated using a projected growth rate.

Future Value

The value of a current asset at a specified date in the future based on an assumed rate of growth over time.

Future Value

The value of an investment at a specific future date, including interest earned or compound interest.

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