Given a Dataset Where R =

question 45

Multiple Choice

Given a dataset where r = .8, adding a new case where the value of x is high and the value of y is high is most likely to ______.

• A) increase the magnitude of the correlation
• B) decrease the magnitude of the correlation
• C) have no effect on the correlation
• D) skew the correlation

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Definitions:

Overhead Cost Performance Report

A document that compares the actual overhead costs incurred to the budgeted or standard overhead costs, for the purpose of monitoring and controlling these costs.

Efficiency Variances

Variances that occur when the actual performance deviates from the expected standards, often analyzed in terms of time, cost, and materials.

Budget Variance

The difference between budgeted figures for revenue and expenditure, and the actual amounts realized.

Budgeted Fixed Overhead

The estimated constant costs for a period that do not vary with the level of production or sales, such as rent, salaries, and insurance.