If the Coefficient of Correlation Is

question 56

Multiple Choice

If the coefficient of correlation is .8, the percentage of variation in the dependent variable explained by the variation in the independent variable is

• A) .80%.
• B) 80%.
• C) .64%.
• D) 64%.

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Definitions:

Variable Costs

Expenses that vary directly with the level of production or sales volume, such as raw materials and labor.

Fixed Costs

Costs that do not vary with the level of production or sales, such as rent, salaries, and insurance expenses.

Break Even

The point at which total costs and total revenues are equal, resulting in no net loss or gain.

Variable Costs

Costs that change in direct proportion to changes in levels of activity or production volume, such as materials and labor.