FORESTRY
AGRICULTURAL STATISTICS AND ECONOMICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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An agricultural economist says that the correlation between corn prices and soybean prices is r = 0.7. This means that ____
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When corn prices are above average, soybean prices tend to stay the same
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When corn prices are below average, soybean prices tend to be above average
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When corn prices are above average, soybean prices tend to be below average
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When corn prices are above average, soybean prices also tend to be above average
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Explanation:
Detailed explanation-1: -An agricultural economist says that the correlation between corn prices and soybean prices is r=0.7. This means that, a. when corn prices are above average, soybean prices also tend to be above average.
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