Which Statement Is Not True About Correlation Matrices

question 66

Multiple Choice

Which statement is not true about correlation matrices?

• A) The diagonal elements all equal 0.
• B) The upper triangular portion of the matrix is a mirror image of the lower triangular portion.
• C) A correlation matrix indicates the coefficient of correlation between each pair of variables.
• D) Usually only the lower portion of the matrix is considered.

Understand the difference between selfishness and self-interest in economic terms.

Comprehend the roles that individuals and governments play in different economic systems such as command and market economies.

Recognize the concept and significance of the invisible hand in market economies.

Understand the definition and components of costs in economic production.

---

Definitions:

Prestigious University

An institution of higher education well-known for its high academic standards, distinguished faculty, and notable alumni.

Davis-Moore Thesis

A sociological proposition that argues social stratification has beneficial consequences for the operation of a society, suggesting that the most talented individuals are rewarded with the most important jobs and highest income.

Discrimination

Actions that deny or grant advantages to members of a particular group.

Market Forces

The economic factors affecting the price, demand, and availability of goods and services in a free market.