Regarding Correlation Coefficients,which of the Following Statements Is FALSE

question 98

Multiple Choice

Regarding correlation coefficients,which of the following statements is FALSE?

• A) The most commonly used correlation coefficient is called the Pearson r.
• B) Correlations between most variables in psychology are rarely +1.00 or -1.00.
• C) The strength of the correlation coefficient is determined by the sign in front of it.
• D) The sign in front of the correlation coefficient depicts the type of relationship between the variables.

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Definitions:

Activity-based Costing

A costing method that assigns overhead and indirect costs to specific activities, providing a more accurate representation of product costs.

Direct Materials

Raw materials that are directly consumed in the manufacturing process of a product and are easily identifiable in the final product.

Unit Cost

The cost incurred to produce, store, and sell one unit of a product, calculated by dividing total costs by the number of units.

Cost Driver

A factor that causes the cost of an activity or process to change.