A Table Manufacturer Makes Tables at 12 Different Heights for Different

question 31

Multiple Choice

A table manufacturer makes tables at 12 different heights for different purposes.The CEO would like to know if customers in two different industries place the same value on each of the different heights based on a Likert scale.Ideally, the CEO would prefer that the preferences of the two industries be independent of each other.Based on this, the CEO is hoping that the Spearman correlation coefficient works out to be a _____________.

• A)high positive value
• B)high negative value
• C)low positive value
• D)value near 0
• E)low negative value

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Definitions:

Post-closing Trial Balance

A trial balance prepared after closing entries are made, used to check the balance of debits and credits have been maintained throughout the period after all closing entries are completed.

Financial Statements

Comprehensively prepared records presenting the financial activities and position of a business, person, or entity.

Work Sheet

A document used by accountants to prepare adjusting entries and to draft a company's financial statements, summarizing all of the ledger account balances.

Liabilities

Financial obligations or debts owed by a company to creditors or suppliers.