Knowee
Questions
Features
Study Tools

Choose the correct example for positive correlation:a.Weight and incomeb.Price and demandc.The repayment period and EMId.Income and expenditure

Question

Choose the correct example for positive correlation:

  • a. Weight and income
  • b. Price and demand
  • c. The repayment period and EMI
  • d. Income and expenditure
🧐 Not the exact question you are looking for?Go ask a question

Solution

To determine the correct example for positive correlation, we need to understand what positive correlation means. Positive correlation refers to a relationship between two variables where an increase in one variable is associated with an increase in the other variable.

Now let's analyze the given options:

a. Weight and income: This example does not necessarily demonstrate a positive correlation. While it is possible that individuals with higher incomes may have access to better food and exercise facilities, leading to lower weights, this relationship is not always true. Therefore, weight and income may not exhibit a strong positive correlation.

b. Price and demand: This example is a good candidate for positive correlation. As the price of a product increases, the demand for that product typically decreases. This inverse relationship suggests a negative correlation, not a positive one.

c. The repayment period and EMI: This example does not demonstrate a positive correlation. The repayment period and EMI (Equated Monthly Installment) are typically inversely related. As the repayment period increases, the EMI decreases, and vice versa.

d. Income and expenditure: This example is a strong candidate for positive correlation. As income increases, individuals tend to spend more on various goods and services. Therefore, income and expenditure exhibit a positive correlation.

Based on the analysis, the correct example for positive correlation is d. Income and expenditure.

This problem has been solved

Similar Questions

State the correlation between number of hours spent in the mall and amount of money spent. Positive Correlation Negative Correlation No Correlation

If consumption and leisure are complements then labour supply curve will have apositive slope.True/False/Uncertain. Explain.

As x increases, y increases. correlation coefficient causation negative correlation positive correlation

A credit is used to record a decrease in which of the following accounts?

True/False? Contra Assets are reported on the Balance Sheet as positive amounts that increase total assets.Group of answer choicesTrueFalse

1/1

Upgrade your grade with Knowee

Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.