If a Regression Analysis Shows an R Factor of

question 280

Multiple Choice

If a regression analysis shows an R factor of .89 exists, it is safe to assume

• A)a strong negative relationship between cost and volume.
• B)a strong positive relationship between cost and volume.
• C)no relationship between cost and volume.
• D)a perfect positive relationship between cost and volume.

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Definitions:

United States

A country located in North America, known for its diverse geography, culture, and economy.

European Union

A political and economic union of 27 European countries that are located primarily in Europe, aiming to ensure the free movement of people, goods, services, and capital among its members.

Agricultural Imports

Goods brought into a nation that are produced by the agriculture sector of another country.

Government Price Supports

Economic policies or subsidies implemented by the government to maintain the market price of a commodity or product above its equilibrium level.