A Rank Correlation Coefficient Is to Be Calculated for a Collection

question 51

Multiple Choice

A rank correlation coefficient is to be calculated for a collection of paired data._ lie between -10 and 10. Which of the following could affect the value of the rank
Correlation coefficient?
I: Multiplying every value of one variable by 3
II: Interchanging the two variables
III: Adding 2 to each value of one variable
IV: Replacing every value of one variable by its absolute value

• A)I and IV
• B)III
• C)I
• D)IV

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Definitions:

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represents revenue gained from providing services, distinct from goods sold, over a specific period.

Accumulated Depreciation

The cumulative total of depreciation costs apportioned to a tangible asset since its initial operation.

Depreciation Expense

The allocated portion of an asset's cost expensed each year over its useful life to account for its wear and tear, obsolescence, or decline in value.

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A tool used in accounting to compile all balances and adjustments of an accounting period before preparing the final financial statements.