Critical Thinking for College Success Module 9 Homework This assignment supports Module Objectives 3 & 4 To complete this assignment, download this document and open in Microsoft Word (all students...

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Critical Thinking for College Success Module 9 Homework This assignment supports Module Objectives 3 & 4 To complete this assignment, download this document and open in Microsoft Word (all students have free online access to Microsoft Office Products (Office 365): login using your Star ID and password: https://login.microsoftonline.com/?whr=minnstate.edu). When complete, save your file in docx or pdf format, then upload it into the D2L Assignment Submission Folder for Module 9 Homework. Please use our Module 9 Learning Activities as a reference Causation and Financial Behaviors Self-Assessment Directions: Reflect on each question before answering. Your answers should be in complete paragraphs (4-5 sentences), (Remember Mantra 4 to Think in “Paragraphs”). If you answer the questions fully with at least a full paragraph (4-5 sentences) for each set of questions, then you earn full points. If your answer is less than a paragraph or miss a question, then you earn half points for that set of questions. If you are missing one of the two paragraphs, then you earn 0 points for that response. Add space as needed. In this module we learned about correlation, causation and personal financial behaviors. This assignment offers an opportunity to reflect on different correlations and the effects on your own personal behaviors. Paragraph 1: 1. Explain the difference between correlation and causation (Mantra 2 the Test of Understanding) 2. Give an example of a correlation you’ve observed about yourself that influences your financial decisions. For example, I’ve found that if I’m hungry when I grocery shop, I buy more food, especially unhealthy snacks. If I shop online late and night, I tend to purchase things I don’t need. (Test of Understanding) 3. Finally, as you start to recognize how and when your behaviors can lead to certain financial decisions, reflect on what you might do differently going forward to avoid this fallacy (Growth Mindset) Paragraph 2: Repeat #2 and #3 above for a second example. 2. Give an example of a correlation you’ve observed about yourself that influences your financial decisions. For example, I’ve found that if I’m hungry when I grocery shop, I buy more food, especially unhealthy snacks. If I shop online late and night, I tend to purchase things I don’t need. (Test of Understanding) 3. Finally, as you start to recognize how and when your behaviors can lead to certain financial decisions, reflect on what you might do differently going forward to avoid this fallacy (Growth Mindset)
Answered Same DayJul 10, 2021

Answer To: Critical Thinking for College Success Module 9 Homework This assignment supports Module Objectives 3...

Parul answered on Jul 11 2021
147 Votes
Part I
Ans1. Two variables or perhaps more can be considered correlated especially in the statistical
aspect, if their values change with respect to another. For instance, if the value of one variable decrease or increase similar impact is observed in the value of the other variable. Correlation is between the variables while it doesn’t imply the change in one variable can result into the change of another variable. It is a statistical measure that is dependent upon the direction and size of the relationship between two or more variables. However, on the other hand causation explains how one incident can lead to the occurrence of another incident such that there is causal relationship between the two incidents. Causation essentially implies the cause-and-effect aspects. For instance, smoking cigarettes enhances the risk of resulting in lung cancer, this is causation. While if we say smoking is correlated with alcoholism however, it doesn’t cause alcoholism.
Part II
Ans2. Indeed, our behaviour and attitude influence...
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