BUSINESS ADMINISTRATION
BUSINESS ANALYTICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Supply and demand
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Amount of a bill at a restaurant and the amount of the tip
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Cost of a car and the amount of tax to be paid
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The square footage of a home and the price of the home
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Detailed explanation-1: -A negative correlation is a relationship between two variables in which an increase in one variable is associated with a decrease in the other. An example of negative correlation would be height above sea level and temperature. As you climb the mountain (increase in height) it gets colder (decrease in temperature).
Detailed explanation-2: -For example, suppose two variables, x and y, correlate-0.8. It means as x increases by 1 unit, y will decrease by 0.8. Now, consider that the negative correlation between these variables is-0.1.
Detailed explanation-3: -Answer and Explanation: The correct answer choice is c. Beers consumed while studying and a test grade. The beers consumed while studying and the test grade share a negative relation.