If an Increase in One Variable Is Not Associated with Any

question 226

Short Answer

If an increase in one variable is not associated with any consistent increase or decrease in a second variable,then the correlation between the two variables is ____________________.
zero or
0

---

Definitions:

Contribution Margin

The remaining income after removing variable expenses, allocated to settle fixed expenses and create profit.

Sales Mix

The combination of products or services that a company sells, represented in proportions or percentages.

Markup On Total Cost

A pricing strategy where a fixed percentage is added to the total cost of a product to determine its selling price.

Variable Product Cost

Costs that vary directly with the volume of production, such as raw materials and direct labor costs.