Based on This Correlation Matrix, Which of the Following Is

question 20

Multiple Choice

Based on this correlation matrix, which of the following is true?
Correlations $\begin{array}{|ll|r|r|r|r|}\hline & \text { AGE } & \text { EDUC } & \text { HOURS } & \text { TVHOURS } \\\hline \text { AGE } & \text { Pearson Correlation } & 1 & .112^{\circ} &{.226^{\circ}} & -.079 \\& \text { Sig. (2-tailed) } & & .038 & .001 & .220 \\& \mathrm{~N} & 341 & 341 & 211 & 240 \\\hline \text { EDUC } & \text { Pearson Correlation } & .112^{\circ} & 1 & .037 & -.240^{\prime \prime} \\& \text { Sig. (2-tailed) } & .038 & & .593 & .000 \\& \mathrm{~N} & 341 & 341 & 211 & 240 \\\hline \text { HOURS } & \text { Pearson Correlation } & .226^{\circ} & .037 & 1 & -.049 \\& \text { Sig. (2-tailed) } & .001 & .593 & & .560 \\& \mathrm{~N} & 211 & 211 & 211 & 146 \\\hline \text { TVHOURS } & \text { Pearson Correlation } & .079 & -.240^{\prime \prime} & -.049 & 1 \\& \text { Sig. (2-tailed) } & .220 & .000 & .560 & \\& \mathrm{~N} & 240 & 240 & 146 & 240 \\\hline\end{array}$
*. Correlation is significant at the 0.05 level (2-tailed) .
*. Correlation is significant at the 0.01 level (2-tailed) .

• A) There is a significant negative correlation between AGE and EDUC.
• B) There is a significant negative correlation between AGE and TVHOURS.
• C) There is a significant negative correlation between EDUC and TVHOURS.
• D) There is a significant negative correlation between HOURS and TVHOURS.

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Definitions:

Raw Materials Inventory

The stock of basic materials that are used in the manufacturing process and are awaiting to be processed.

Cost of Goods Sold

The immediate expenses associated with manufacturing the products a company sells, comprising both materials and labor.

Merchandise Inventories

Goods that a company intends to sell in the ordinary course of business, valued at the lower of cost or market.

Cash Collections

The process of receiving payments from customers for goods or services provided.