The Appropriate Correlation Coefficient for Measuring the Direction and Strength

question 31

Multiple Choice

The appropriate correlation coefficient for measuring the direction and strength of the linear relationship between two ranked or ordinal variables is

• A)the Spearman correlation coefficient
• B)the point-biserial correlation coefficient
• C)the phi correlation coefficient
• D)none of the above

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Definitions:

Point H

Similar to Point P, Point H likely refers to a specific position on a graph, chart, or mathematical diagram, indicating a particular data point or condition.

Scarcity

A fundamental economic problem of having seemingly limitless human wants in a world of limited resources.

Choices

Decisions made by individuals or organizations among two or more alternatives.

Resources

The total means available for economic and political development, such as minerals, labor force, and financial wealth.