What Does a Correlation Coefficient near +1 Mean

question 26

Multiple Choice

What does a correlation coefficient near +1 mean?

• A)Two variables are moving in the opposite direction.
• B)Two variables are moving in the same direction.
• C)Two variables are unrelated.
• D)One variable is not a good predictor of the other.

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Definitions:

Number Of Employees

The overall number of people working for a firm, encompassing both those in full-time and part-time positions.

Step-down Method

A cost allocation method used in accounting to distribute overhead costs to various departments or products.

Machine Hours

The total number of hours that machinery is operational during a certain period.

Number Of Employees

A count of all individuals working for a company, including both full-time and part-time staff.