0
Add your answer:
Earn +20 pts
What does ''highly correlated'' mean?
Correlation is defined as the degree of relationship between two or more variables. It is also called the simple correlation. The degree of relationship between two or more variables is called multi correlation. when two or more variables are said to be higjly correlated it means that they have a strong relationship such that a given rise or fall in one variable will lead to a direct change in the other variable or variables. good examples of highly correlated variables are price and quantity, wage rate and out put, tax and income.
What is the typical relationship between inflation and unemployment?
The typical relationship between inflation and unemployment is known as the Phillips curve. It suggests that there is an inverse relationship between the two - when inflation is high, unemployment tends to be low, and vice versa. This means that as one decreases, the other tends to increase.
What is the significance of a perfect complements graph in understanding the relationship between two variables?
A perfect complements graph helps to show how two variables are related in a specific way where they must be used together in fixed proportions. This type of graph is significant in understanding how the quantities of the two variables are interdependent and how they affect each other's utility or satisfaction.
What is the relationship between average product and average variable cost?
There is an inverse relationship between the two. The formula for showing this is AVC=1/APL. Using this formula you will be able to figure out each one.
What is an expression for the government's choice between making military goods or consumer goods?
You are likely referring to GUNS VERSUS BUTTER MODELsimple production–possibility frontier. It demonstrates the relationship between a country's investment in defense and civilian goods being inverse. A country has to choose between the two options when spending its money, which is finite.
What is a relationship between two variables in which one variable increases as the other decreases?
This is called an "inverse" relationship.
What is the relationship between two variable if the product of the variables is constant?
inversely proportional or inverse proportion
What is the inverse variation?
The inverse variation is the indirect relationship between two variables. The form of the inverse variation is xy = k where k is any real constant.
What is an inverse proportion relationship?
An inverse proportion between two variables is when the value of one variable increases, the other decreases. Mathematically, this is shown as: x = k / yn where x and y are the two variables, and k and n are constants.
Used to show the relationship between two variables?
Line graph is used to show relationship between two variables.
Which two variables show a INVERSE relationship?
For an object in motion without any acceleration, velocity and time.
If coefficient of correlation r between two variables is zero does it mean that there is no relationship between the variables Justify your answer?
"If coefficient of correlation, "r" between two variables is zero, does it mean that there is no relationship between the variables? Justify your answer".
Which two variables change in boyle's law?
In Boyle's law, pressure and volume are the two variables that change. The relationship between pressure and volume is inverse; as pressure increases, volume decreases, and vice versa, when the temperature is kept constant.
What is an algebraic relationship that can be written in form yx plus a?
The two variables are in inverse proportion and, graphically, will form a hyperbola.
Why was there a need to invent linear equation in two variables?
If two variables are related, then the simplest relationship between them is a linear one. The linear equation expresses such a relationship.If two variables are related, then the simplest relationship between them is a linear one. The linear equation expresses such a relationship.If two variables are related, then the simplest relationship between them is a linear one. The linear equation expresses such a relationship.If two variables are related, then the simplest relationship between them is a linear one. The linear equation expresses such a relationship.
What is The measure of the relationship between two variables?
correlation * * * * * Only if the relationship is linear. For example, the correlataion between y and x when y = x2 is zero. But a very strong relationship between the two variables.
What is the relationship between two variables if the product of the variables is constant?
Inversely proportional.
