Which Data Analysis Tool Is Best Suited to Measure How

question 18

Multiple Choice

Which data analysis tool is best suited to measure how two sets of data vary simultaneously?

• A)Histogram
• B)Correlation
• C)Covariance
• D)Variance

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Definitions:

Estimable

Capable of being estimated or appraised, often used in finance and accounting to describe assets or liabilities that can be accurately assessed.

Installment Note

A debt instrument that requires regular payments, or installments, of principal and interest over a specified period.

Fiscal Year

A one-year period used for financial reporting and budgeting, which does not necessarily coincide with the calendar year.

Principal Repayment

The portion of a loan payment that goes toward reducing the amount borrowed, not including interest.