Which Number Represents the Strongest Correlation Coefficient (R)

question 142

Multiple Choice

Which number represents the strongest correlation coefficient (r) ?

• A)-.8
• B).7
• C)-.1
• D)0

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Definitions:

Service Firm

A business that provides intangible products or services to customers, as opposed to selling physical goods.

Products Purchase

The expenditure a company makes to buy goods that will be sold to its customers.

Manufacturing Overhead Budget

An estimation of all manufacturing costs, excluding direct labor and direct materials, planned for a specific period.

Predetermined Overhead Rate

An estimated charge used to allocate manufacturing overhead to individual products or jobs, based on a selected activity base.