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:

Fair Value

The sum obtained from disposing of an asset or incurred when transferring a liability in a structured deal with market participants at the time of assessment.

Noncontrolling Interest

A share in the equity of a subsidiary not owned by the parent company, reflecting minority shareholders' interests.

Earnings

The profit a company generates during a specific period, typically reported as net income.

Consolidated Financial Statements

Consolidated financial statements are financial reports that combine the financial operations of a parent company and its subsidiaries into one comprehensive document.