You can have a strong relationship between two variables but still, have a low correlation coefficient when:

Fantastic news! We've Found the answer you've been seeking!

Question:

a) the relationship is not linear

b) variables are truncated

c) both a and b

d) neither a nor b

Related Book For answer-question

Exploring Economics

ISBN: 9781439040249

5th Edition

Authors: Robert L Sexton

See More Books

Posted Date: Jul 22, 2022 09:02 AM

See More Questions

Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...
Part A In the early 1980s, Bernard Hancock built a small brewery on his 150-acre property in the Macedon Ranges. The brewery, named Mountain Mist Brewery, was designed with ales in mind and Bernard...
Multiple Choice Questions: 1. Which of the following is most likely a topic of discussion in macroeconomics? a. An increase in the price of a pizza b. A decrease in the production of VCRs by a...
A population of Ecuadorians have short stature. They have a rare genetic defect that affects the body's response to growth horm one, called Laron syndrome. Recent genetic studies have dem onstrated...
The following information is based on a real company whose name has been disguised. Opus One operates in a single business segment, the retailing and servicing of home audio, car audio, and video...
The rod on the power control mechanism for a business jet is subjected to force F. Determine the moment of this force about the bearing at A. Given: F = 80 N θ 1 = 20 deg a = 150 mm θ 2 =...
According to fire regulations in a town, the pressure drop in a commercial steel horizontal pipe must not exceed 1.0 psi per 150 $\mathrm{ft}$ of pipe for flowrates up to \(500 \mathrm{gal} /...
True, False, or Uncertain: If both EBV and Owl have the same GVM, then the value multiple of Owl will be lower than the value multiple of EBV.
Choose a product you buy on regular basis (something you buy more than 4x per year). Think about how the supply and demand changes based on things like seasons, price, advertising/media, etc. 1 -What...
Norr and Caylor established a partnership on January 1, 2019. Norr invested cash of $100,000 and Caylor invested $30,000 in cash and equipment with a book value of $40,000 and fair value of $50,000....
1 3 +700, Given a total-revenue function R(x)=900x2 -0.2x and a total-cost function C(x) = 1400 (x+3) both in thousands of dollars, find the rate at which total profit is changing when x items have...
Provide an overview of the key metrics NPV, IRR, MIRR, PI, and Paybacks. How are they used and which metrics are better under what conditions? What is the difference between using these metrics on...
A $5000 investment was purchased for $4220.50. The investment paid interest at a rate of 3.8% compounded semiannually until the maturity date. To the nearest month, what was the term of the...
Write a report on the topic " NoiseHazards andSafeguards " in a workplace. The report should include the following. i. An abstract or introduction explaining the topic. ii. A body containing findings...
A taxpayer receives two interest payments during the year. One is for $500 from a savings account and is reported in their name. The other payment is for $2,000 and belongs technically to someone...
A bond portfolio has effective duration 5and convexity -23.The current market value of the portfolio is $100Billion.Use Taylor approximation and Duration and Convexity to find what would be the...
Rental Co. sold its residential apartment building for $1,500,000. It had an original cost of $900,000 and was purchased approximately three years ago. Rental reports under IFRS and measures its...
The graph of the sequence whose general term is an = n - 1 is which of the following? [8.1] A. B. TITTT 3-2-1 23.45 2.3.4
Use the diagram from problem 2 and a. Indicate which movement would correspond to an unanticipated expansionary government policy in the short run. b. Indicate which movement would correspond to an...
Use the diagram to answer the following questions (ad). a. At the equilibrium price before the tax is imposed, what area represents consumer surplus? What area represents producer surplus? b. Say...
In most countries the birth rate has fallen as incomes and the economic opportunities for women have increased. Use economics to explain this pattern.
solve the given problem using PSO method \[f(X)=1200\left(2 x_{1} x_{3}+2 x_{2} x_{3} ight)+2500 x_{1} x_{2}+500\left(\frac{1000}{x_{1} x_{2} x_{3}} ight)+100\left(\frac{1000}{10 x_{1} x_{2} x_{3}}...
Solve the optimization problem using SA \[\min f(X)=100\left(x_{1}^{2}+x_{2} ight)^{2}+\left(1-x_{1} ight)^{2}\] subject to $X \in[0,7]$
Discuss the perturbation mechanism of simulated annealing.

You can have a strong relationship between two variables but still, have a low correlation coefficient when:

Question:

Expert Answer:

Solution If the correlation coefficient of two variables is zero it signifies that there ... View the full answer

Exploring Economics

Students also viewed these accounting questions