Which of the Following Statements Is True of the Correlation

question 53

Multiple Choice

Which of the following statements is true of the correlation coefficient?

• A)It is a statistic that indicates the amount of spread in a distribution of scores.
• B)It is a measure of central tendency.
• C)It is a measure of variability.
• D)It is a statistic that describes how strongly variables are related to one another.

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Definitions:

Cost Formula

A mathematical equation used to calculate the total cost of production based on variable and fixed costs.

Planning Budget

A budget designed at the beginning of a budgeting period, reflecting the expected financial results and operational activities.

Net Operating Income

Profit generated from a company's regular business activities, excluding taxes and interest.

Client-Visits

The act of meeting with clients or customers in person for business purposes such as sales, support, or consultation.