Correlation Is a Measure of the Strength of the

question 92

Multiple Choice

Correlation is a measure of the strength of the

• A)nonlinear relationship between two dependent variables.
• B)nonlinear relationship between a dependent and independent variable.
• C)linear relationship between two dependent variables.
• D)linear relationship between a dependent and independent variable.

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Definitions:

Contra Asset Account

An account that is used to reduce the balance of a related asset account to reflect its adjusted carrying value.

Credit Balance

The amount that a company or individual owes to creditors; in accounting, it indicates a balance on the right side of a ledger for liability, revenue, or equity accounts.

Closing Entries

Journal entries made at the end of an accounting period to transfer balances from temporary to permanent accounts.