Correlation Measures the Degree to Which 2 Variables Are Related

question 4

Multiple Choice

Correlation measures the degree to which 2 variables are related to __________.

• A)one another
• B)one
• C)zero
• D )the normal curve

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Definitions:

Normal Balance

Represents the side (debit or credit) of an account that increases its value, based on the double-entry accounting system.

Debit

An accounting entry that increases an asset or expense account, or decreases a liability or equity account.

Cash Discount Period

A specific time frame during which a buyer can pay less than the full amount due by taking advantage of a discount offered.

Liability Account

A financial accounting term for amounts owed by a business to creditors or others, usually categorized as current or long-term.