All but One of These Statements Contain a Mistake

question 487

Multiple Choice

All but one of these statements contain a mistake. Which could be true?

• A) There is a high correlation (1.09) between height of a corn stalk and its age in weeks.
• B) There is a correlation of 0.63 between gender and political party.
• C) The correlation between the amount of fertilizer used and the yield of beans is 0.42.
• D) The correlation between a car's length and its fuel efficiency is 0.71 miles per gallon.
• E) The correlation between a football player's weight and the position he plays is 0.54.

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Definitions:

Premium Amortization

The process of gradually expensing the premium paid above a bond's face value over the remaining life of the bond.

Effective-interest Method

The effective-interest method is a technique used in amortizing the discount or premium on bonds payable, where the interest expense recorded over time corresponds to the bond's carrying value.

Interest Expense

Interest expense is the cost incurred by an entity for borrowed funds, recognized on the income statement.

Anthropocentric

Pertaining to the belief that human beings are the central or most significant species on the planet, often regarding nature and environment from a human-centered perspective.