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group health plan

an insurance plan that offers health care coverage to a group of individuals under a single insurance contract. In the United States, group health plans are often offered by employers to their employees as a fringe benefit. Membership organizations, such as unions, alumni associations, and professional associations, may also offer group health plans as a benefit of membership.

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Psychology term of the day

May 8th 2024

linear correlation

linear correlation

a measure of the degree of association between two variables that are assumed to have a linear relationship, that is, to be related in such a manner that their values form a straight line when plotted on a graph. It provides an index of the degree of constant change in the value of one variable (y) for each unit change in the value of another variable (x).