In a Study, the Correlation Coefficient for W and X

question 24

Multiple Choice

In a study, the correlation coefficient for W and X is -0.25. The correlation coefficient for X and Y is 0.20. The coefficient of determination for X and Z is 0.16. The coefficient of alienation for Y and Z is 0.90. Which pair of variables has the highest amount of variance accounted for?

• A) X and Y
• B) X and Z
• C) Y and Z
• D) W and X

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Definitions:

Indifference Curves

Graphical representations in microeconomics that show different bundles of goods between which a consumer is indifferent, meaning they have no preference for one over the other.

Consumption Bundle

A combination of various goods and services that an individual consumes at a given time.

Slope

In mathematics, the rate at which a line rises or falls relative to a horizontal distance.

Indifference Curves

Graphs showing different bundles of goods between which a consumer is indifferent, reflecting the consumer's preferences and trade-offs.