Correlation Can Be Positive or Negative and Can Range from _____

question 38

Multiple Choice

Correlation can be positive or negative and can range from _____.

• A)-1 to +1
• B)-2 to +2
• C)0 to +100
• D)-10 to 0
• E)-100 to +100

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Definitions:

Liabilities

Financial obligations or debts owed by a business or individual to creditors, which must be settled over time through the transfer of economic benefits including money, goods, or services.

Accounting Equation

The fundamental equation of double-entry bookkeeping that states assets equal liabilities plus equity, serving as the foundation for a balance sheet.

Owner's Equity

The total value of assets owned by the proprietor of a company after all debts have been subtracted.