General Guidelines for Interpreting Correlations in a Group Study as Presented

question 52

Multiple Choice

General guidelines for interpreting correlations in a group study as presented in your text indicate that a correlation of r=30 is considered

• A) not interpretable.
• B) low and not important.
• C) average but meaningful.
• D) high and predictive.

---

Definitions:

Diminishing Marginal Returns

A principle stating that as more of a production input is added, holding all others constant, the resulting additional output will eventually decrease.

Range

The difference between the highest and lowest values in a data set, often used to measure variability.

Average Product

The output per unit of input, typically calculated for labor or capital in the production process.

Units of Labor

Measurements that represent the amount of work or effort by labor, typically used in the context of production processes.