It Is Appropriate to Compute a Correlation Coefficient for the Relationship

question 197

True/False

It is appropriate to compute a correlation coefficient for the relationship between a dummy variable and a dependent variable.

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Definitions:

Decreasing

Refers to a process or trend where quantities or values are going down or diminishing over time.

Slope

In mathematics, a measurement of the steepness, incline, or grade of a line, typically expressed as a ratio of vertical change to horizontal change.

Value

The importance or utility that something has for an individual or the market price of a good or service.

Horizontal Axis

In graphing, this is the x-axis, which typically represents the independent variable.