Business, 04.04.2020 05:42 clarkster112679
A commodity trader finds a positive correlation between wheat prices and soybean prices when both are measured in terms of dollars per bushel. a. Would you expect the correlation to be higher, lower or the same if prices were instead measured in dollars per pound? b. What if prices of soybeans were in dollars per bushel and prices for wheat were in dollars per pound?
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