The Greatest Disadvantage of Correlation Is

question 6

Multiple Choice

The greatest disadvantage of correlation is:

• A)it has a limited range of values,being only -1 to +1.
• B)it does not enable cause-and-effect conclusions.
• C)its value can be negative.
• D)its value can be zero.

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Definitions:

Marginal Cost

The change in total cost that arises from producing one additional unit of a product or service.

Marginal Revenue

The increase in income resulting from the sale of one extra product or service unit.

Increasing Profits

Refers to a scenario where a business experiences a rise in net earnings over a period, typically as a result of higher revenue, cost efficiencies, or favorable market conditions.

Marginal Revenue

The increase in revenue that results from the sale of one additional unit of a product or service.