If the Coefficient of Correlation Is

question 21

Multiple Choice

If the coefficient of correlation is .4, the percentage of variation in the dependent variable explained by the variation in the independent variable is

• A) 40%.
• B) 16%.
• C) 4%.
• D) 63%.

---

Definitions:

Quantity

The amount or number of a material or product.

Budget Performance Report

A report that compares budgeted amounts to actual amounts for revenues, expenses, and other financial parameters to measure the financial performance of a company.

Budgeted Amounts

Estimated financial figures used for planning purposes, outlining the expected revenues, expenses, and other financial transactions for a future period.

Actual Amounts

Actual amounts refer to the true or real figures that have been recorded in financial transactions, not estimates or projections.