All but One of the Statements Below Contain a Mistake $r = 0.83 \mathrm { oz }$

question 553

Multiple Choice

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

• A) The correlation between age and weight of a newborn baby is \(r = 0.83 \mathrm { oz }\) per day.
• B) The correlation between the species of tree and its height is \(r = 0.56\).
• C) The correlation between blood alcohol level and reaction time is \(r = 0.73\).
• D) There is a high correlation between cigarette smoking and gender.
• E) The correlation between a person's age and vision (20/20?) is \(r = - 1.04\).

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Definitions:

Labor Rate Variance

The difference between the actual cost of labor and the standard or budgeted cost, used to control and manage labor costs effectively.

Labor Efficiency Variance

The difference between the actual labor hours used and the standard hours expected for a level of output.

Direct Labor Standards

Refer to the pre-determined amount of labor time and labor cost that should be used for producing a unit of product or service.

Work in Process Inventory

The value of goods in various stages of production within a manufacturing company, not yet completed as finished goods.