Which Statistical Test Would Be Most Appropriate to Examine the Relationship

question 56

Multiple Choice

Which statistical test would be most appropriate to examine the relationship between daily temperature and number of ice cream cones sold during the month of July?

• A) Chi-square
• B) analysis of variance
• C) t-test
• D) Pearson correlation

---

Definitions:

Cash Dividend

A distribution of earnings given by a company to its stockholders, often as a share of profits.

Balance Sheet

A financial statement that provides a snapshot of a company’s financial condition at a specific moment in time, showing assets, liabilities, and shareholders' equity.

Direct Method

A cost allocation method that assigns all costs directly to cost objects without going through intermediate cost pools.

Prepaid Expense

Payments made in advance for goods or services that will be received in the future.