If There Is a Very Strong Correlation Between Two Variables

question 28

Multiple Choice

If there is a very strong correlation between two variables, then the coefficient of correlation must be _____.

• A) much larger than 1, if the correlation is positive
• B) much smaller than 1, if the correlation is negative
• C) either much larger than 1 or much smaller than 1
• D) None of the answers is correct.

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Definitions:

IAS 41

International Accounting Standard 41, which governs the accounting for agriculture.

Estimated Costs

Costs that are predicted based on historical data, trends, and analyses, used for budgeting, planning, and decision-making purposes.

Cost To Sell

The expenses directly associated with the disposal of an asset, excluding financing costs and income taxes.