If You Would Like to Examine the Relationship Between Two

question 8

Multiple Choice

If you would like to examine the relationship between two categorical variables, which type of correlation coefficient would you use?

• A) Point biserial coefficient
• B) Pearson product moment coefficient
• C) Phi coefficient
• D) Spearman rank coefficient

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Definitions:

Collection Float

The time between when a check is deposited into a bank and when the amount is credited, affecting cash flow management.

Canada Post

The primary postal operator in Canada, responsible for the collection, sorting, transportation, and delivery of mail and packages across the country and internationally.

Disbursement Float

The time lag between when a payment is issued by a company and when the funds are actually removed from the company’s account.

Chequing Account

A bank account that allows the holder to make deposits, withdrawals, and payments via cheques and is typically used for everyday transactions.