The Numerical Value of the Coefficient of Determination

question 51

Multiple Choice

The numerical value of the coefficient of determination

• A)is always larger than the coefficient of correlation
• B)is always smaller than the coefficient of correlation
• C)is negative if the coefficient of determination is negative
• D)can be larger or smaller than the coefficient of correlation

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Definitions:

Product Price

The financial cost of obtaining a product or service.

Marginal Revenue Product

The supplementary income realized by the application of one more unit of a resource, like labor or capital.

Labor

The engagement of human physical strength and intellectual power in producing goods and offering services.

Additional Revenue

The increase in total revenue that results from selling an additional unit of a product or service.