Testing for the Existence of Correlation Is Equivalent to
A)testing $\beta$

question 50

Multiple Choice

Testing for the existence of correlation is equivalent to

• A)testing for the existence of the slope ( \(\beta\)1 ).
• B)testing for the existence of the Y-intercept ( \(\beta\)0 ).
• C)the confidence interval estimate for predicting Y.
• D)None of the above.

---

Definitions:

Molding Machine

A machine used in manufacturing to shape liquid or pliable raw material using a rigid frame called a mold.

Straight-line Method

A method of calculating depreciation or amortization by evenly spreading the cost over the useful life of the asset.

Accumulated Depreciation

The total amount of depreciation expense that has been recorded against a fixed asset over its useful life.

Residual Value

The estimated value of an asset at the end of its useful life, often used in calculating depreciation.