In a Positive Correlation, High Scores on One Variable Are

question 162

Multiple Choice

In a positive correlation, high scores on one variable are associated with ________ scores on the second variable.

• A) high
• B) below average
• C) low
• D) average

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Definitions:

Adjusting Entry

Journal entries made at the end of an accounting period to update income and expense accounts so that the income statement reflects the revenues earned and expenses incurred during the period.

Interest-Bearing Note

A debt security that pays interest to the holder at regular intervals until maturity, at which point the principal is repaid.

Proceeds

The total amount of money received from a transaction before any deductions are made.

Interest Expense

The cost incurred by an entity for borrowed funds over a period of time, typically reported on the income statement.