What Is Meant by a 'Spurious' Relationship Between Two Variables

question 21

Multiple Choice

What is meant by a 'spurious' relationship between two variables?

• A) One that is so illogical it cannot possibly be true
• B) An apparent relationship that is so curious it demands further attention
• C) A relationship that appears to be true because each variable is related to a third one
• D) One that produces a perfect negative correlation on a scatter diagram

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Definitions:

Price

The financial sum foreseen, obligatory, or handed over as compensation for something.

Percentage Of Budget

A financial metric that represents the proportion of a specific item or category's cost in comparison to the total budget.

Price Elastic

A term related to price elasticity of demand, indicating how responsive the quantity demanded of a good or service is to a change in its price.

Product

Anything that can be offered to a market to satisfy a want or need, including goods, services, and ideas.