Correlation Coefficients That Fall Between the Absolute Values of 1

question 97

Multiple Choice

Correlation coefficients that fall between the absolute values of 1.00 and .81 are generally considered to be:

• A)Very strong.
• B)Somewhat strong.
• C)Very weak.
• D)Somewhat weak.

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Definitions:

Units

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Production Budget

An estimation of the total costs to produce a set amount of goods over a specific period.

Units

In accounting and manufacturing, this refers to the individual countable items or quantities of a product or service that a company produces or transacts in.

Inventory

The total value of a company's goods and materials held for sale or used in production.