The Correlation Coefficient Always Lies Between -1 and 1 Inclusive

question 40

True/False

The correlation coefficient always lies between -1 and 1 inclusive.

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Definitions:

Interest Calculations

The process of determining the amount of interest due or earned over a specified period of time, often based on principal amount, rate, and time.

Note Issued

A monetary tool signifying a commitment to pay a determined sum of money on a designated future date.

Quick Assets

Resources that can be rapidly turned into cash without a decrease in value, such as cash itself, tradable securities, and money owed from accounts receivable.

Temporary Investments

Investments in securities or other assets that are intended to be sold within a short period, typically within a year.