If the Coefficient of Correlation Is 0

question 67

Multiple Choice

If the coefficient of correlation is 0.4, the percentage of variation in the dependent variable explained by the variation in the independent variable

• A)is 40%
• B)is 16%.
• C)is 4%
• D)can be any positive value

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Definitions:

Book Value

The net value of a company's assets found on its balance sheet, and is calculated by subtracting liabilities from the total assets.

Adjusting Entries

The journal entries that bring the accounts up to date at the end of the accounting period.

Accounting Period

A specific time period in which all financial transactions are recorded and financial statements are prepared.

Allowance

An accounting adjustment for accounts receivable, representing a reduction in the amount expected to be received due to potential uncollectible debts.