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Setler [38]
3 years ago
15

A researcher measures driving distance from college and weekly cost of gas for a group of commuting college students. What kind

of correlation is likely to be obtained for these two variables?
Business
2 answers:
Elena-2011 [213]3 years ago
8 0

Answer:

The correct answer is: a positive correlation.

Explanation:

Correlation can say something about the relationship between variables. It is used to understand:

1. If the relationship is positive or negative

2. The strength of the relationship.

Correlation is a powerful tool that provides vital pieces of information.

In the case of family income and family spending, it is easy to see that both rise or fall together in the same direction. This is called a positive correlation.

In the case of price and demand, the change occurs in the opposite direction, so that the increase in one is accompanied by a decrease in the other. This is known as a negative correlation.

svp [43]3 years ago
5 0

Answer:

positive correlation

Explanation:

In statistics, positive correlation between two variables means that both variables will move in the same direction. For example, if one variable decreases, the other one should decrease also.

In this case, the researcher is measuring two variables:

  1. driving distance
  2. cost of gas

I can definitely assure you even without taking any measurements, that the more you drive, the more you spend on gas. The two variables are extremely positively correlated.

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Sharon purchases two products, X and Y, with a given fixed budget. The marginal utility she receives from the last unit of X she
Elanso [62]

Answer:

A) is maximizing her total utility from the given fixed budget.

Explanation:

The equal marginal principle refers to the principle in which the consumer would select that combination of goods which maximise its total utility. It could be selected by having marginal utility and its price

And for profit maximization, the marginal utility and the price is equivalent to both the goods.

i.e

\frac{MU_X}{P_X} = \frac{MU_Y}{P_Y}

\frac{60}{2} = \frac{30}{1}

30 = 30

Hence, the correct option is a.

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3 years ago
Indicate whether each of the following is a final​ good, an intermediate​ good, or neither.
butalik [34]

Answer:

  • 1. Coffee beans purchased by a coffee shop   --  intermediate good.
  • 2. One share of Google stock  --   neither.
  • 3. A new pick-up truck purchased by a consumer   --  final good.
  • 4. A new home purchased by a family  --  final good.

Explanation:

  • An intermediate good is a semi-finished good that is used as the inputs of the production and makes them sell and buy the goods. While the final good is one that is finished in processing and is ready to be consumed and those goods that are present in a stocks firm are not used and neither is been developed are google stocks.
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Im not sure what you mean by that? be specific please and i will be sure to help ;)
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A first saving account pays 5% compounded annually. A second saving account pays 5% compounded continuously. Which of the two in
Marysya12 [62]
The account that’s compounded continuously is the better investment long-term because you accrue interest on top of interest on a daily basis which grows exponentially.
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Jbx automobiles, a global firm, builds factories to serve more than one country and lower the mne's production costs. jbx automo
vaieri [72.5K]
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