A Shipping Company Believes There Is a Linear Association Between

question 111

Multiple Choice

A shipping company believes there is a linear association between the weight of packages shipped and the cost. The following table shows the weight (in pounds) and cost (in dollars) of the last seven packages shipped. To determine if the weights and costs are significantly correlated, the competing hypothesis is ________.

• A) H₀: ρ_s ≤ 0; H_A: ρ_s > 0
• B) H₀: ρ_s ≥ 0; H_A: ρ_s < 0
• C) H₀: ρ_s ≠ 0; H_A: ρ_s = 0
• D) H₀: ρ_s = 0; H_A: ρ_s ≠ 0

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Definitions:

Sources of Float

Sources of float include the time difference between when a payment is initiated and when it is actually cleared and becomes available in a company's bank account, affecting the management of cash flow.

Collection Float

The time period between when a check is deposited and when funds are made available.

Average Daily Float

The average amount of uncollected, in-process funds over a specified period.

Availability Delay

A period where funds or resources are not immediately accessible or ready for use, often due to processing or logistical reasons.