How Do You Know by Looking at the Correlation Coefficient

question 35

Short Answer

How do you know by looking at the correlation coefficient if there is a strong correlation between one variable and another?

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Definitions:

Foreign-Currency Exchange

The trading of one currency for another, determining how much one currency is worth in terms of the other.

Exports

Goods or services sent from one country to another for trade or sale.

Supply

The total amount of a specific good or service that is available to consumers.

Foreign-Currency Exchange

The trading of one currency for another, determining how much one country's currency is worth in another country's currency.