This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: What is the meaning of the statement correlation does not mean causation? What will be an ideal ... (Read 40 times)

pepyto

  • Hero Member
  • *****
  • Posts: 547
on: Jul 1, 2018
What is the meaning of the statement correlation does not mean causation?
 
  What will be an ideal response?

Question 2

The market demand for wheat is Q = 100 - 2p + 1 , where is the price of barley. If the price of wheat is 2, the price elasticity of demand
 
  A) equals (-4/46).
  B) equals (-46).
  C) equals (-1).
  D) cannot be calculated without more information.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

jaykayy05

  • Sr. Member
  • ****
  • Posts: 329
Reply #1 on: Jul 1, 2018
Answer to Question 1

Just because two variables are correlated, meaning that they move together, does not mean that one of the variables is the cause of movement in the other. For example, sales of gasoline and incidence of sunburn are strongly correlated in the U.S. However, this does not mean that sunburns cause people to buy more oil or that buying oil causes sunburns. There is another explanatory variable involved, namely the season of the year, since people both drive more and are outside in the sun more during the summer months.

Answer to Question 2

D


pepyto

  • Hero Member
  • *****
  • Posts: 547
Reply #2 on: Jul 1, 2018
Thank you


jaykayy05

  • Sr. Member
  • ****
  • Posts: 329
Reply #3 on: Jul 1, 2018
No problemo


« previous next »
 

Did you know?

Normal urine is sterile. It contains fluids, salts, and waste products. It is free of bacteria, viruses, and fungi.

Did you know?

Long-term mental and physical effects from substance abuse include: paranoia, psychosis, immune deficiencies, and organ damage.

Did you know?

Parkinson's disease is both chronic and progressive. This means that it persists over a long period of time and that its symptoms grow worse over time.

Did you know?

An identified risk factor for osteoporosis is the intake of excessive amounts of vitamin A. Dietary intake of approximately double the recommended daily amount of vitamin A, by women, has been shown to reduce bone mineral density and increase the chances for hip fractures compared with women who consumed the recommended daily amount (or less) of vitamin A.

Did you know?

Complications of influenza include: bacterial pneumonia, ear and sinus infections, dehydration, and worsening of chronic conditions such as asthma, congestive heart failure, or diabetes.

Correlation between Celsius and Fahrenheit Scales Correlation between Celsius and Fahrenheit Scales
Generalized pressure drop correlation Generalized pressure drop correlation
Under ideal conditions, a single cell of the bacterium E. coli would divide every 20 minutes to ... Under ideal conditions, a single cell of the bacterium E. coli would divide every 20 minutes to ...
Illustrated correlation between the Mendelian postulates of unit factors Illustrated correlation between the Mendelian postulates of unit factors
Table - Correlation Analysis Table - Correlation Analysis
Table - Correlation Analysis Table - Correlation Analysis
Video: The Lagging Strand in DNA Replication and Replication in Action

For a complete list of videos, visit our video library