If Cov(X,Y) = -350, S_x² = 900 and S_y² =

question 169

Short Answer

If cov(X,Y) = -350, s_x² = 900 and s_y² = 225, then the coefficient of determination is: $\begin{array}{|l|l|}\hline\text { A. } & 0.8819 \\\hline \text { B. } & 0.7778 . \\\hline \text { C. } & -0.0017 \\\hline \text { D. } & 0.0017 . \\\hline\end{array}$

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Definitions:

Personal-use Asset

An asset primarily used for personal enjoyment or living purposes, not for business or investment aims.

Like-kind Exchange

A tax-deferred transaction allowing for the disposal of an asset and the acquisition of another similar asset without generating a tax liability from the sale of the first asset.

Installment Method

A tax procedure that allows the taxpayer to spread the income and taxes owed on the sale of property over the period in which the payments are received.

Gross Profit Percentage

A financial ratio showing the proportion of money left over from revenues after accounting for the cost of goods sold.