If One Calculates a Correlation of -1

question 75

True/False

If one calculates a correlation of -1.15,this coefficient of correlation indicates a strong negative relationship.

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Definitions:

Shareholder

An individual or entity that owns one or more shares of stock in a corporation, thereby having a financial stake and certain rights within the company.

Corporation

A legal entity that is distinct and separate from its owners, which can own property, incur liabilities, and is subject to taxation.

Cumulative Voting

A voting system in corporate governance that allows shareholders to concentrate their votes on a single candidate, enhancing minority shareholders' representation.

Minority Shareholder

An investor or shareholder who owns less than 50% of a company's shares, holding lesser voting power and control over corporate decisions compared to majority shareholders.