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One would think that literacy (ability to read) would improve ones chances to work at better paying jobs, so a positive correlation would result. That is the conclusion of the web link I provided. I do not claim it to be impartial, as it is from a website that promotes literacy. I don't have know of a study that concludes there is a negative correlation. If illiteracy percentages are calculated and then compared to per capita GDP for particular country, a negative correlation could result.
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If the correlation between income level and charitable giving is 0.82 what is relationship between income and donations to charities?
Strong and positive
Is income a ratio or interval scale measurement?
Income is a ratio measure. In ratio measures, one can order categories, specify the difference between two categories, and the value of zero on the variable represents the absence of the variable. Thus, income can take on values of $0, $10, $30,000, etc. Zero dollar income means the absence of income, making income a ratio measurement.
Is income a type of ordinal data?
Possibly... It depends on how you code income. If income is listed as an actual amount of money earned within a year, then it is interval data because there is a measurable difference between the income of one person vs the income of a second person. For example, one person might make $25,000 and another might make $26,000. We know that the first person makes exactly $1,000 less than person 2. We also know that person 2 makes more than person 1. If I have 10 people and I call the richest person "1" the second richest person "2", etc. Then the numbers 1 - 10 are ordinal data for "income". Notice that Ordinal data does not give us any measurable distance between two people. Income "5" might be $1 more than income "6". But Income 7 might be $10,000 less than income "6". All we know with ordinal data is that 1 is larger than 2, 2 is larger than 3, etc.
Is income quantitative or qualitative?
Income is quantitative
What is median houshold income mean?
You calculate the income for each household. This is the sum of the incomes of all members of the household. The median is the value of household income such that 50% of households have a higher income and 50% have a lower income.
What is the relationship between literacy rate and average income per capita?
There is a positive correlation between literacy rate and average income per capita. Generally, higher literacy rates lead to increased economic opportunities and higher income levels for individuals and communities. Literacy skills enable individuals to access better job opportunities, participate in economic activities, and contribute to overall economic growth.
If the correlation between income level and charitable giving is 0.82 what is relationship between income and donations to charities?
Strong and positive
If the correlation between income level and charitable giving is 0.82 the relationship between income and donations to charities is?
Strong and positive
There is a high correlation between the number of Americans who pay income tax in the month of April and the number of swim suits sold what is the best description of this?
it is an indirect relationship
What are the relationship between horticulture and family income?
usually negative, if you're a farmer you lose money
Study a sample of 100 high school students and find that student IQ scores increase signigiantly as the level of reported parental income increases you can conclude from this that?
there is a positive correlation between parental income and children's IQ scores
How does the literacy rate of a country directly affect its citizen?
The number of poor people in the country affects its literacy rate.
How are literacy rate and standard of living related?
If a person is unable to read or write they are unable to get a better job. Many jobs require a person to read directions, labels, forms, books, and manuals as well as fill out forms and reports. Not being able to do these things means a person has to do a lower level job, thus, making less money and they will live a lower standard of living. The literacy rate of an area, state, or country affects the standard of living by raising it. This is because there are more, better, and more advanced jobs open to a individual or population that has a higher literacy rate, especially high-paying jobs. The socio-economic classes are also affected by literacy rate. A lower literacy rate can increase the gap between them. If the level of literacy is increasing, it improves the standard of living too due to the good job opportunities and good income. this allows people to fullfill all the basic needs of the home and also other refreshments too. If there are more educated people, there is less poverty, crime, etc. Basically, the higher the literacy rate, the higher the standard of living
Can Net income on an income statement be negative?
Yes net income on income statement can be negative and that amount is called net loss for that specific period or fiscal year.
Which would you expect to be the biggest amount on your pay stub?
Gross income -apex Financial Literacy
Can cash flow from operation be positive if net income is negative?
Yes, cash flow can be positive while net income is negative.
Can a profit margin ratio be negative?
A profit margin can be negative if the company had a negative net income. For eample if the company had $100,000 in net sales, but their net income was ($10,000) then (10,000)/100,000 = (10%) or negative 10%.
