A Correlation of

question 37

Multiple Choice

A correlation of .98 between X and Y would indicate:

• A)Virtually no relationship between X and Y
• B)A causal relationship, where X causes Y
• C)A weak positive relationship between X and Y
• D)A strong positive relationship between X and Y

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Definitions:

Garbage In, Garbage Out

A principle in computing and data analysis that emphasizes the importance of quality input data to produce meaningful output or results.

Trial Balance

An accounting report that lists the balances of all ledgers in two columns (debits and credits) to ensure they are equal.

Accounts Receivable

Money owed to a business by its customers for goods or services delivered but not yet paid for.

Assets

Assets refer to resources owned by an individual or organization that have economic value and can be converted into cash or used to generate income.