_____ Are Inputs That Firms Use to Create Goods or Services

question 38

Multiple Choice

_____ are inputs that firms use to create goods or services.

• A) resources
• B) capabilities
• C) tradeoffs
• D) competences

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Definitions:

Coefficient of Correlation

A measure that indicates the extent to which two variables fluctuate together. A value closer to 1 or -1 indicates a strong relationship, while a value near 0 suggests no relationship.

X and Y

Typically used to represent independent and dependent variables in a mathematical function or data set, respectively.

Marginal Probability

is the probability of an event occurring without considering other related events.

Coefficient of Correlation

The coefficient of correlation, also known as Pearson's r, measures the strength and direction of a linear relationship between two quantitative variables.