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If the Apple iPhone and the Samsung Galaxy are considered substitutes,then,other things being equal,an increase in the price of the iPhone will
Correlation Coefficient
A statistical measure that represents the degree of association or correlation between two variables, ranging from -1 to +1.
Numerical Measure
A quantitative representation of attributes or characteristics in the form of numbers or statistical values.
Correlation Coefficient
A statistical measure that calculates the strength and direction of a linear relationship between two variables on a scatterplot, ranging from -1 to +1.
Direction of the Relationship
Refers to the causal orientation between variables in research, indicating whether one variable influences or is influenced by another.
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