Which of the Following Correlation Coefficients Represents the Strongest Relationship

question 133

Multiple Choice

Which of the following correlation coefficients represents the strongest relationship between two variables?

• A) .50
• B) .25
• C) -.25
• D) -.75

Understand the proper reporting of gains and losses from asset sales in financial statements.

Comprehend the criteria for asset recognition and capitalization of costs associated with acquisition and improvement.

Distinguish between capital and operating expenditures and their impact on financial reporting.

Recognize the correct allocation of costs in the acquisition of assets and subsequent expenditures.

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Definitions:

Nominal Scale

A measurement scale used in classifications that involve categorizing data without implying any order or numerical difference between them.

Ratio Scale

A quantitative scale where there is a true zero point and the intervals between different values are meaningful, allowing for the comparison of absolute magnitudes of the numbers.

Independent Variables

Variables in an experiment or model that are manipulated or selected by the researcher to determine their effect on dependent variables.

Quantitative Data

Information that can be measured and written down with numbers.