When a Correlation Coefficient of -0

question 62

Multiple Choice

When a correlation coefficient of -0.80 is found between factor A and factor B,the most accurate interpretation is that

• A)a decrease in factor A is strongly related to a decrease in factor B.
• B)a decrease in factor A is strongly related to an increase in factor B.
• C)there is NO significant relationship between the two factors.
• D)there is a very weak relationship between the two factors.

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Definitions:

Corporate Controller

A senior executive responsible for overseeing the accounting operations and financial reporting of a company.

Capital Budgeting

The process by which a business evaluates and selects long-term investments that are worth more than their cost, considering potential risks and rewards.

Ultimate Responsibility

The highest level of accountability and duty that an individual or organization holds, particularly in the context of fulfilling job roles or task outcomes.

Board of Directors

A group of individuals elected to represent shareholders and oversee the activities and management of a company.