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What does it mean when we say that the correlation coefficient for two variables is -1? What does it mean if this value were zero? What does it mean if it were +1?
Correlation is measured by the correlation coefficient that is symbolized by the letter r. The correlation coefficient be able to take on values between +1.0 (perfect positive correlation) to -1.0 (perfect negative correlation). The closer r is to +1.0 the more the two variables will tend to move by each other at the same time. The closer r is to -1.0 the more the two variables will be liable to move opposite each other at the same time. An r value of zero specifies that the variables' values are not related at all. This is recognized as statistical independence.
What reasons do governments frequently give to justify the decision to not permit price to ration goods? (a) Price gouging is bad. (b) Income is unfairly distributed. (c) Some
applicability of an operating cycle in a vegetable growing business
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