Obtain the Linear Correlation Coefficient for the Data A) $0.867$ B) $0.714$

question 35

Multiple Choice

Obtain the linear correlation coefficient for the data. Round your answer to three decimal places.
-Two separate tests, x and y, are designed to measure a student's ability to solve problems. Several students are randomly selected to take both tests and their results are shown below. $\begin{array}{c|c|c|c|c|c|c|c|c|c}\mathrm{x} & 48 & 52 & 58 & 44 & 43 & 43 & 40 & 51 & 59 \\\hline \mathrm{y} & 73 & 67 & 73 & 59 & 58 & 56 & 58 & 64 & 74\end{array}$

• A)\(0.867\)
• B) \(0.714\)
• C) \(0.109\)
• D) \(0.548\)

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Definitions:

Absorption Costing

A method of cost accounting that includes all manufacturing costs - direct materials, direct labor, and both variable and fixed manufacturing overhead - in the cost of a product.

Variable Costing

A costing method where only variable manufacturing costs are included in the cost of goods sold, with fixed manufacturing overhead treated as a period expense.

Absorption Costing

An accounting method that includes all manufacturing costs (both fixed and variable) in the cost of a product.

Net Income

The total earnings of a company after subtracting all expenses, taxes, and costs, reflecting the actual profitability.