If the Correlation Coefficient Between Two Variables,X and Y,equals Zero,what

question 78

Multiple Choice

If the correlation coefficient between two variables,X and Y,equals zero,what can be said of the variables X and Y?

• A)The variables are not related.
• B)The variables are dependent on each other.
• C)The variables are highly related.
• D)X causes Y.

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Definitions:

Sales Discounts

A reduction in the price of goods sold, offered by the seller to the buyer, often to encourage prompt payment.

Periodic Inventory System

A method of inventory valuation for financial reporting purposes where a physical count of all inventory is performed at specific intervals to determine the level of inventory and the cost of goods sold.

Net Method

An accounting method that records purchases or sales of goods and services after deducting any discounts, returning the net amount.

Credit Terms

The payment conditions set by a seller for the buyer, including the period allowed for payment and any cash discount for early payment.