The Strength of the Linear Relationship Between Two Numerical Variables

question 51

Multiple Choice

The strength of the linear relationship between two numerical variables may be measured by the

• A)scatter plot.
• B)coefficient of correlation.
• C)slope.
• D)Y-intercept.

---

Definitions:

Asset Devaluation

Asset devaluation refers to a reduction in the value of an asset over time, often due to changes in market demand or obsolescence.

Declining-Balance

A method of accelerated depreciation in which an asset loses value by a certain percentage rate each year over its useful life.

Depreciable Cost

The cost of a fixed asset minus its salvage value, representing the total amount that can be depreciated over its useful life.

Constant Percentage

A fixed rate applied uniformly across a set of variables or values, often used in finance and mathematics.