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

---

Definitions:

Gain or Loss

The financial result from a transaction, determined by subtracting the cost from the revenue, indicating profit or deficit.

Short-Term Stock Investments

Investments in publicly traded stocks intended to be held for a short duration, typically less than one year, for the purpose of earning quick profits.

Fair Value

The estimated market price of an asset or liability, reflecting the amount for which it could be exchanged or settled between knowledgeable, willing parties in an arm's length transaction.

Balance Sheet

A financial statement that summarizes a company's assets, liabilities, and shareholders' equity at a specific point in time, providing a snapshot of its financial condition.