If Xavier Gives Up a Job in Which He Earns

question 110

True/False

If Xavier gives up a job in which he earns $23,000 per year in order to go to college full time, his foregone income is part of the opportunity cost of going to college.

---

Definitions:

Positive Correlation

A relationship between two variables where an increase in one variable is associated with an increase in the other.

Negative Correlation

Negative Correlation refers to a relationship between two variables where one variable increases as the other decreases, and vice versa.

Null Relationship

indicates a situation where no association is found between two variables being studied.

Internal Reliability

When all of the items on a questionnaire measure the same thing.