The Correlation Coefficient for Two Real-Valued Attributes Is -0

question 10

Multiple Choice

The correlation coefficient for two real-valued attributes is -0.85. What does this value tell you?

• A) The attributes are not linearly related.
• B) As the value of one attribute increases the value of the second attribute also increases.
• C) As the value of one attribute decreases the value of the second attribute increases.
• D) The attributes show a curvilinear relationship.

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Definitions:

Scarcity

The limits placed on the amounts and types of goods and services available for consumption as the result of there being only limited economic resources from which to produce output; the fundamental economic constraint that creates opportunity costs and that necessitates the use of marginal analysis (cost-benefit analysis) to make optimal choices.

Opportunity Costs

Missing out on potential gains from various alternatives once a particular option is picked.

Economics Quiz

A set of questions designed to test knowledge and understanding of economic principles and theories.

Marginal Benefit

The additional satisfaction or utility gained from consuming or using one more unit of a good or service.