Correlational Designs J

question 28

Multiple Choice

Correlational Designs J.D.computed a Pearson Product Moment Correlation Coefficient from
Sample data and found that r = + 1.8.What should we conclude from this
Result?

• A)J.D.should recheck his calculations
• B)there was a strong positive relationship between the two variables
• C)there was a weak negative relationship between the two variables
• D)there was no relationship between the two variables

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Definitions:

Direct Labor Cost

The total cost of all the labor that is directly involved in the production of goods or services, including wages and other related expenses.

Gross Profit

The financial gain obtained after subtracting the cost of goods sold from revenue, indicating the efficiency of production and sales activities.

Direct Materials

Raw materials that are directly traceable to the manufacturing of a product.

Overhead Rate

A measure used in cost accounting to allocate overhead costs to produced units, typically expressed as a percentage or a ratio.