An Important First Step to Visualize the Relationship of Two

question 29

Multiple Choice

An important first step to visualize the relationship of two interval level variables is to:

• A)calculate a correlation coefficient.
• B)look at a scatter plot.
• C)do a test of significance.
• D)calculate the variance of the independent variable.

---

Definitions:

Provincial Income Tax

The tax levied by a provincial government on the income of individuals and organizations within its jurisdiction, varying from province to province.

Federal Income Tax Payable

Liabilities owed to the federal government for income taxes that have been incurred but not yet paid.

Direct Method

An accounting approach for the cash flow statement that lists major classes of gross cash receipts and payments.

Deferred Revenue

Deferred revenue is income a company has received for goods or services yet to be delivered or performed, recognized as a liability on the balance sheet until the obligation is fulfilled.