If the Scatter Chart Indicates a Positive Linear Relationship Between

question 2

Multiple Choice

If the scatter chart indicates a positive linear relationship between two variables, then their correlation coefficient is

• A) equal to -1.
• B) greater than 1.
• C) between 0 and +1.
• D) between -1 and 0.

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Definitions:

Generally Accepted Accounting Principles

A collection of commonly followed accounting rules and standards for financial reporting.

CRA

CRA can refer to a Credit Rating Agency, which is an organization that assigns credit ratings to issuers of certain types of debt securities, as well as the debt instruments themselves.

Economic Life

The expected period of time during which an asset is useful to the average owner, or until an asset is projected to generate economic benefits.

Tax Purposes

The reason or need to undertake specific actions or record transactions in a certain way to comply with tax laws.