I a Coefficient of Correlation Close to 0 (Say, 0

question 160

Multiple Choice

i. A coefficient of correlation close to 0 (say, 0.08) shows that the relationship between two variables is quite weak. ii. A coefficient of correlation of -0.96 indicates a very weak negative correlation.
iii. If the coefficient of correlation is 0.68, the coefficient of determination is 0.4624.

• A) (i), (ii), and (iii) are all correct statements.
• B) (i) and (ii) are correct statements but not (iii).
• C) (i) and (iii) are correct statements but not (ii).
• D) (ii) and (iii) are correct statements but not (i).
• E) (i), (ii), and (iii) are all false statements.

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Definitions:

Other Expenses

Expenses that are not directly tied to the production of goods or services but are necessary for the overall operation of the business.

Freight-Out

Costs associated with shipping products to customers, typically classified as a selling expense.

Interest Expense

The cost incurred by an entity for borrowed funds, which is considered a non-operating expense on the income statement.

Gross Profit

The revenue a company retains after subtracting the expenses related to the production and sale of its goods or the provision of its services.