A Researcher Finds a Significant Correlation Between the IQ Scores

question 43

Multiple Choice

A researcher finds a significant correlation between the IQ scores and the SES of a large sample of American adults. Which of the following can she conclude?

• A) Low IQ produces low SES.
• B) High IQ leads to high SES.
• C) SES is related to IQ.
• D) Low SES results in low IQ.

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Definitions:

Superior Quality

A designation for products or services that exceed standard quality benchmarks, often leading to higher customer satisfaction.

Less Elastic

Refers to a situation where a change in price leads to a relatively smaller change in the quantity demanded or supplied.

Less Elastic

Describes demand that is relatively insensitive to price changes, indicating consumers do not reduce purchase quantities significantly when prices increase.

Price Sensitive

Referring to the degree to which the demand for a product changes with a change in its price.