Which Number Represents the STRONGEST Correlation Coefficient (R)

question 133

Multiple Choice

Which number represents the STRONGEST correlation coefficient (r) ?

• A)-.8
• B).7
• C)-.1
• D)0

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Definitions:

Excess Demand

A situation in which the demand for a product or service exceeds its supply in a market.

Market Equilibrium

A condition in which the quantity of a product demanded by consumers equals the quantity supplied by producers, leading to a stable market price.

Market Equilibrium

The point where the supply of goods matches demand, resulting in a stable price.

Excess Demand

A market situation where the quantity demanded of a good exceeds the quantity supplied at a current price, leading to shortages.