Which of the Following Correlations Would Be Interpreted a Strong

question 59

Multiple Choice

Which of the following correlations would be interpreted a strong relationship?

• A)0.39
• B)0.59
• C)0.79
• D)0.89

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Definitions:

Salary Expense

The total amount paid to employees for services rendered during a specific period, usually shown in the income statement.

Opportunity Cost

The value of the best alternative forgone when a choice is made between different options.

Tax Rate

The percentage at which an individual or corporation is taxed by the government on income or profits.

Market Value

The present rate at which a service or asset is available for purchase or sale on the open market.