If the Coefficient of Correlation Is 0

question 67

Multiple Choice

If the coefficient of correlation is 0.4, the percentage of variation in the dependent variable explained by the variation in the independent variable

• A)is 40%
• B)is 16%.
• C)is 4%
• D)can be any positive value

---

Definitions:

Materials

The raw items or supplies used in the manufacturing of a product or in the operation of a business.

Equivalent Unit

A measure used in process costing that converts partially completed units into a number of fully completed units.

Process Costing System

A method of costing used for homogeneous products that are continuously produced, assigning costs to units of output on the basis of direct materials, labor, and manufacturing overhead.

Weighted-Average Method

An inventory costing method that averages out the cost of goods available for sale or use, by weighting inventory items according to their quantities.