A Correlation Coefficient of -1

question 51

Multiple Choice

A correlation coefficient of -1.0 between two sets of numbers indicates _____.

• A) a complete lack of any correlation between the two sets
• B) that when one set of numbers goes up, so does the other set
• C) that when one set of numbers goes up, the other set goes down
• D) a partial correlation between the two sets
• E) an indefinite relationship between the two sets

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Definitions:

Operating Activities

Business actions that relate to the day-to-day operations, producing revenue and spending money to operate the business.

Accounts Receivable

Financial obligations of customers to a firm for received goods or services that have not been paid for.

Merchandise Inventory

The collection of goods a company has in stock and available for sale to customers.

Accounts Receivable

Funds that customers owe to a business for products or services that have been provided but remain unpaid.