Which of the Following Statements Is Correct When All the Actual

question 23

Short Answer

Which of the following statements is correct when all the actual values of y are on an upward sloping regression line? $\begin{array}{|l|l|}\hline A&\text {The coefficient of correlation is equal to one and the sign of the coefficient of correlation }\\&\text { will be negative but the sign of the slope with be positive.}\\\hline B&\text {The coefficient of correlation and the slope must both be equal to 1 . }\\\hline C&\text {The coefficient of correlation is equal to one and the sign of the coefficient of correlation }\\&\text { and the sign of the slope will both be positive.}\\\hline D&\text {The coefficient of correlation and the slope must be equal to -1 . }\\\hline \end{array}$

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Definitions:

Mutual Fund

An investment vehicle made up of a pool of funds collected from many investors for the purpose of investing in securities such as stocks, bonds, and other assets.

Vicarious Liability

A legal doctrine holding an individual or entity liable for the actions of another, based on the relationship between them, such as employer-employee.

Ultra Vires Rule

A legal doctrine that acts performed beyond the scope of a corporation's or entity's powers are invalid.

Business Judgment Rule

A legal principle that protects the decisions made by a corporation's board of directors from being challenged in court, provided they were made in good faith and with reasonable care.