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In case ‘Years of education and income’———
- a)positive correlation
- b)negative correlation
- c)no correlation
- d)none
Correct answer is option 'A'. Can you explain this answer?
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In case Years of education and incomea)positive correlationb)negative ...
Explanation:
Years of education and income are both measures of an individual's socioeconomic status. The correlation between these two variables can help us understand the relationship between education and income.
Positive correlation:
When two variables move in the same direction, we say they have a positive correlation. In the case of years of education and income, we would expect to see a positive correlation because people with more education often have higher-paying jobs.
Factors that contribute to the positive correlation between years of education and income include:
1. Education is often a prerequisite for higher-paying jobs.
2. People with more education may have more specialized skills that are in high demand.
3. Education can increase an individual's social capital, which can lead to better job opportunities and higher salaries.
Overall, the positive correlation between years of education and income suggests that investing in education can be a smart financial decision for individuals and society as a whole.
Years of education and income are both measures of an individual's socioeconomic status. The correlation between these two variables can help us understand the relationship between education and income.
Positive correlation:
When two variables move in the same direction, we say they have a positive correlation. In the case of years of education and income, we would expect to see a positive correlation because people with more education often have higher-paying jobs.
Factors that contribute to the positive correlation between years of education and income include:
1. Education is often a prerequisite for higher-paying jobs.
2. People with more education may have more specialized skills that are in high demand.
3. Education can increase an individual's social capital, which can lead to better job opportunities and higher salaries.
Overall, the positive correlation between years of education and income suggests that investing in education can be a smart financial decision for individuals and society as a whole.
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In case Years of education and incomea)positive correlationb)negative correlationc)no correlationd)noneCorrect answer is option 'A'. Can you explain this answer?
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In case Years of education and incomea)positive correlationb)negative correlationc)no correlationd)noneCorrect answer is option 'A'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about In case Years of education and incomea)positive correlationb)negative correlationc)no correlationd)noneCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for In case Years of education and incomea)positive correlationb)negative correlationc)no correlationd)noneCorrect answer is option 'A'. Can you explain this answer?.
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