What Does a Correlation Coefficient near 0 Mean

question 24

Multiple Choice

What does a correlation coefficient near 0 mean?

• A)Two variables are moving in the opposite direction.
• B)Two variables are moving in the same direction.
• C)Two variables are unrelated.
• D)One variable is a good predictor of the other.

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Definitions:

Price Increase

A rise in the cost of goods or services over a period of time, often affecting the purchasing power.

Cheese

A dairy product derived from milk that is produced in a wide range of flavors, textures, and forms by coagulating the milk protein casein.

Substitutes

Products or services that can replace each other in use, causing the demand for one to increase when the price of the other rises.

Complements

Goods or services that are used together with another, such that the demand for one increases when the price of the other decreases.