Use the Following Regression Results to Answer the Question Below

question 74

Multiple Choice

Use the following regression results to answer the question below. Which of the following is true?

• A)The correlation between x and y must be approximately 0.8851.
• B)The correlation between x and y must be approximately -0.8851.
• C)The correlation between x and y must be approximately 0.7835.
• D)The correlation between x and y must be approximately -0.7835.

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Definitions:

Increase Owner's Equity

An action or event that enhances the net worth of a business as reflected in capital or owner's investment.

Decrease Assets

A reduction in the total value or amount of economic resources owned or controlled by an entity.

Owner's Equity

The residual interest in the assets of an entity that remains after deducting its liabilities, reflecting the ownership interest in the company.

Cash

Currency and other liquid instruments that are used to conduct transactions or settle debts.