Which Correlation Coefficient Should We Use If We Want to Find

question 26

Multiple Choice

Which correlation coefficient should we use if we want to find out whether a relationship exists between two variables that are both interval or ratio variables?

• A)The Pearson correlation coefficient
• B)The Spearman rank-order correlation coefficient
• C)The point-biserial correlation coefficient
• D)The nonlinear correlation coefficient

Identify different forms of business organizations and their characteristics.

Grasp the concept of international trade and the reasons behind it.

Understand the consequences of trade restrictions on economies.

Recognize the importance of the balance of payments and foreign exchange markets in international economics.

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