A Significant Correlation of -.40

question 26

Multiple Choice

A significant correlation of -.40

• A) cannot be used for prediction
• B) predicts with an accuracy of 40%
• C) predicts more accurately than a significant correlation of +.35
• D) predicts with less accuracy than a positive correlation of any size

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Definitions:

Standard Labour Hours

The number of labor hours predetermined as necessary to complete a job or task under normal conditions.

Actual Labour Hours

The actual amount of labor time spent on a particular job or task, measured in hours.

Materials Quantity Variance

The difference between the actual quantity of materials used in production and the expected quantity of materials that should have been used according to standards.

Standard Quantity

The expected or budgeted quantity of materials, labor, or overheads necessary for producing a unit of production or service under specified conditions.