Asked by
Caleb Holden
on Dec 28, 2024
Verified
As interest rates increase, house sales decline, indicating
A) a direct correlation between the two variables.
B) a negative correlation between the two variables.
C) a positive correlation between the two variables.
D) no correlation between the two variables.
Negative Correlation
A relationship between two variables in which one variable increases as the other decreases, and vice versa, indicating an inverse relationship.
Interest Rates
The cost of borrowing money, expressed as a percentage of the amount borrowed, paid by the borrower to the lender for the use of funds.
House Sales
The process of buying or selling residential properties.
- Acquire knowledge on the concept of correlation and its varied types, namely positive, negative, and zero.
Verified Answer
TT
Learning Objectives
- Acquire knowledge on the concept of correlation and its varied types, namely positive, negative, and zero.