If a Correlation Is Perfect

question 73

Multiple Choice

If a correlation is perfect,

• A) all the points must fall on a straight line
• B) all the points must fall on a curve line
• C) most the points must fall on the line, but some can miss it.
• D) all the points must fall on a straight or curved line,

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Definitions:

Installment Note

A debt that requires the borrower to make equal periodic payments to the lender for the term of the note.

Periodic Payments

Payments that are made regularly over a period of time, such as monthly rent payments.

Warranty Expense

Costs associated with the repair or replacement of faulty products that a company sells, under its warranty policy.

Journal Entry

A record of a financial transaction in the general journal or other ledger, representing debits and credits to accounts.