Which Pair of Events Is Likely to Be Positively Correlated

question 79

Multiple Choice

Which pair of events is likely to be positively correlated?

• A) stock prices of computer companies and of tire companies
• B) flood damage in Quebec and forest fire damage in British Colombia
• C) sales of ice cream and cars on a hot summer day
• D) a week-long power outage due to a large ice storm and battery sales

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Definitions:

Economies of Scale

The cost advantages that enterprises obtain due to their scale of operation, with cost per unit of output decreasing with increasing scale.

Distribution Operations

Involves the management of the supply chain processes that ensure the efficient movement and storage of goods from the manufacturer to the end customer.

Materials Handling

The movement, protection, storage, and control of materials and products throughout manufacturing, warehousing, distribution, and disposal.

Order Fulfillment

The process of receiving, processing, and delivering orders to end customers.