Determine the coefficient of correlation. What does it mean?
What will be an ideal response?
r = -0.281
Since the coefficient of correlation is negative, the variables x and y are inversely related.
The absolute value of r is small. Hence, a weak linear relationship exists between x and y.
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Indicate whether the statement is true or false a. True b. False
When $1 million is deposited at a bank, the required reserve ratio is 20 percent, and the bank chooses not to hold any excess reserves but instead makes loans, then in the bank's final balance sheet,
A) the assets at the bank increase by $200,000. B) the liabilities of the bank increase by $200,000. C) reserves increase by $200,000. D) all of the above occur.