If the Correlation Coefficient Between X and Y Is Equal

question 44

Multiple Choice

If the correlation coefficient between x and y is equal to 1, we say that x and y are

• A) perfectly positively correlated.
• B) acyclical.
• C) perfectly negatively correlated.
• D) leading variables.
• E) lagging variables.

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Definitions:

Worksheet

An informal document used by accountants to prepare adjusting journal entries and to support the preparation of financial statements.

Beginning Inventory

The market value of products prepared for sale at the initiation of a bookkeeping period.

Merchandise Inventory

Goods or products that a company holds for the purpose of resale to customers, recorded as a current asset on the balance sheet.

Income Summary

is an account that aggregates all revenue and expenses during an accounting period, used to transfer the net income (or loss) to the capital account.