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As a project for a psychology course, a student correlated weight and intelligence scores for 250 students. The computed correlation coefficient was .00. What did the scatterplot look like?
Opportunity Cost
The detriment of neglecting the next optimal alternative during the process of making a decision.
Opportunity Cost
The benefit that is missed or given up when choosing one alternative over another.
Hour
A unit of time equal to 60 minutes.
Opportunity Cost
Skipping over the possibility of gain from multiple options by deciding on a single one.
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