Examlex
The following table presents the number of police officers (per 100,000 citizens) and the annual murder rate (per 100,000 citizens) for a sample of cities. The correlation coefficient between the per capita number of police officers and the per capita murder rates -0.899. Which of the following is the best interpretation of the correlation coefficient?
Completed Contract Method
An accounting method where revenue and expenses are only recognized once a contract is fully completed, commonly used in the construction industry.
Long-Term Contracts
Agreements that extend beyond one year, often relating to construction, service, or lease contracts.
Losses
Financial transactions or events that result in a decrease in assets, increase in liabilities, or both, leading to a reduction in equity or net assets.
Sale
A transaction between two parties where the buyer receives goods, services, or assets in exchange for money.
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