Which of the Following Is True About a Correlation of +.70

question 34

Multiple Choice

Which of the following is true about a correlation of +.70 between variables A and B?

• A)about half of the variability in A can be accounted for by variability in B
• B)the scores for A and B will be about the same 70% of the time
• C)there would be a greater ability to predict than for a correlation of -.70
• D)A causes B about 70% of the time; B causes A about 30% of the time

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Definitions:

Salvage Value

The calculated future selling price of an asset at the end of its period of benefit.

Depreciation Expense

Dividing the expenditure associated with a tangible asset over its operational life.

Depreciation

The systematic allocation of the cost of a tangible asset over its useful life, reflecting its decrease in value due to use, wear and tear, or obsolescence.

Depletion

The allocation of the cost of natural resources over their productive life, commonly used in industries like mining and forestry.