What Is the Difference Between a Correlation Equal to -1

question 8

Multiple Choice

What is the difference between a correlation equal to -1 and a correlation equal to 0?

• A)A correlation equal to -1 means two alternatives are moving in the same direction, whereas a correlation of 0 means they are moving in opposite directions.
• B)A correlation equal to -1 means two alternatives are moving in the same direction, whereas a correlation of 0 means they are unrelated.
• C)A correlation equal to -1 means two alternatives are moving in opposite directions, whereas a correlation of 0 means they are moving in the same direction.
• D)A correlation equal to -1 means two alternatives are moving in opposite directions, whereas a correlation of 0 means they are unrelated.

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Definitions:

Customary Pricing

Pricing strategy that is based on what is traditionally expected or accepted within a specific industry or by consumers.

Dynamic Pricing Policy

A pricing strategy where prices are variable and can change in response to market demand or other external factors.

Loss-leader Pricing

A marketing strategy where a product is sold at a loss to attract customers in the hope they will make additional purchases.

Customary Price

The expected or typical price range for a product or service within a particular market or industry, based on tradition or standard practice.