Which of the Following Correlation Coefficients Indicates the Strongest Relationship

question 139

Multiple Choice

Which of the following correlation coefficients indicates the strongest relationship between two variables?

• A) -0.81
• B) +0.66
• C) +1.22
• D) -3.21

---

Definitions:

GAAP

GAAP stands for Generally Accepted Accounting Principles, which are a collection of commonly-followed accounting rules and standards for financial reporting.

Patent

A form of intellectual property protection that grants the patent holder exclusive rights to a process, design, or new invention for a specified period of time.

Expected Useful Life

The estimated duration for which an asset is expected to be economically usable by one or more users.

FASB

The Financial Accounting Standards Board is an independent organization responsible for establishing accounting and financial reporting standards for companies and nonprofit organizations in the United States.