A Negative Correlation Means That

question 183

Multiple Choice

A negative correlation means that:

• A) high values of one variable are associated with low values of the other.
• B) there is no relationship between the two variables.
• C) high values of one variable are associated with high values of the other.
• D) low values of one variable are associated with low values of the other.

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Definitions:

Credits

Represents the amount of money or value added to an account or available for purchase on credit.

Accounting Period

A specific period of time used by businesses for accounting purposes to prepare financial statements, commonly a year or a quarter.

Cash Account

A ledger account that tracks all cash transactions, including receipts and payments.

Overdrawn Bank Balance

This occurs when withdrawals from a bank account exceed the available balance, resulting in a negative balance.