Correlation Coefficients May Be Computed for Parametric and Nonparametric Data

question 85

Multiple Choice

Correlation coefficients may be computed for parametric and nonparametric data.If the data are interval data, which of the following should be used?

• A)Pearson correlation coefficient
• B)Spearman correlation coefficient
• C)Gaussian correlation coefficient
• D)De Moivre correlation coefficient
• E)Gossett correlation coefficient

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Definitions:

Accounts Receivable

Money owed to a business by customers for products or services provided on credit.

Trade Receivables

Amounts owed to a business by its customers arising from the sale of goods or services on credit.

Other Receivables

Financial claims against other entities besides accounts receivable, such as interest receivable, income taxes refundable, or insurance claims receivable.

Nontrade Receivables

Monies owed to a company that are not related to the sale of goods or services, such as loans to employees.