A Correlation of R = 0

question 118

Multiple Choice

A correlation of r = 0.60 exists between a set of X and Y scores. If a constant of 10 is added to each score of both distributions, the value of r will _______.

• A) remain the same
• B) will increase
• C) decrease
• D) be less meaningful
• E) will increase and be less meaningful

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Definitions:

Interim Financial Statement

Interim financial statements are financial reports covering a period of less than a full fiscal year, providing a more immediate view of financial health.

Capital

Refers to financial assets or the financial value of assets, such as cash and goods, used by a business to fund its operations and growth.

Fees Earned

Income received from providing services, typically recognized in the accounting period when the services are rendered.

Wage Expense

The total cost incurred by a company for the salaries and wages of its employees.