If a Measure of Association Is Asymmetric

question 31

Multiple Choice

If a measure of association is asymmetric,

• A) it matters which is the independent variable and which is the dependent variable
• B) the statistic can take on only positive values
• C) the statistic can take on only negative values
• D) the statistic can be used to measure the association between variables that have different levels of measurement

---

Definitions:

Capital

Economic resource that is used in the production of goods and services. It includes tools, buildings, machinery, and equipment.

Either-Or Decision

A decision-making process that involves choosing between two mutually exclusive options or paths.

Implicit Cost

The opportunity cost equal to what a firm must give up in order to use resources it already owns, not directly involving monetary payment.

Marginal Analysis

The study of marginal decisions.