Which of the Following Statements Is Correct When All the Actual

question 189

Multiple Choice

Which of the following statements is correct when all the actual values of y are on an upward sloping regression line?

• A)The coefficient of correlation is equal to one and the sign of the coefficient of correlation will be negative but the sign of the slope with be positive.
• B)The coefficient of correlation and the slope must both be equal to 1.
• C)The coefficient of correlation is equal to one and the sign of the coefficient of correlation and the sign of the slope will both be positive.
• D)The coefficient of correlation and the slope must be equal to - 1.

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Definitions:

Accounting Equation

The foundational equation in accounting, Assets = Liabilities + Equity, representing the relationship between a company's resources and its sources of financing.

Service To Customer

Activities and benefits provided by a business to its customers, aimed at satisfying their needs and expectations.

Accounting Equation

The foundational principle of accounting expressing that assets equal the sum of liabilities and shareholder's equity.

Purchased Equipment

Fixed assets acquired by a company for use in the production or supply of goods and services, not for resale.