State Whether You Think That the Variables Have Strong Positive

question 49

Multiple Choice

State whether you think that the variables have strong positive correlation, weak positive correlation, strong negativecorrelation, weak negative correlation, or no correlation.
-Actual temperature on a given day and the temperature that had been forecast for that day 10 days previously.

• A)No correlation
• B)Weak positive correlation
• C)Strong positive correlation
• D)Strong negative correlation
• E)Weak negative correlation

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Definitions:

Book Value

Book value is the value of an asset as it appears on a balance sheet, calculated as the cost of the asset minus any depreciation.

Acquisition Method

The accounting technique used in consolidating the financial statements of a group where one entity has control over another.

Fair Value

An estimate of the market value of an asset or liability based on current market prices or valuations.

Consideration Transferred

The total value of assets, liabilities, or equity given up to acquire control of another entity or asset.