The Correlation Coefficient Between the Hours That a Person Is $- 1.0$

question 147

Multiple Choice

The correlation coefficient between the hours that a person is awake during a 24-hour period and The hours that same person is asleep during a 24-hour period is most likely to be

• A) exactly \(- 1.0\)
• B) near 0
• C) near \(- 0.8\)
• D) exactly \(+ 1.0\)
• E) near \(+ 0.8\)

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Definitions:

Variable Cost

relates to expenses that vary directly with the level of production or business activity, such as raw materials and labor costs.

Contribution Margin

The selling price per unit minus the variable cost per unit, used to cover fixed costs and to generate profit.

Operating Cash Flow

denotes the cash generated from a company’s normal business operations, indicating whether a company can maintain and grow its operations.

NPV

Net Present Value; a method used in capital budgeting to evaluate the profitability of an investment or project.