Use the Following Scatterplot to Answer the Questions

question 97

Multiple Choice

Use the following scatterplot to answer the Questions:
-What can you say about the correlation?

• A) The correlation is greater than 1.
• B) The correlation is exactly 1.
• C) The correlation is between 0 and 1.
• D) The correlation is negative.

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Definitions:

Profitability

A measure of the efficiency and financial performance of a business, indicating its ability to generate income relative to revenue, assets, or equity.

Significant Influence

The power to participate in the financial and operating policy decisions of an investee but not control those policies.

Voting Shares

Shares that give the shareholder the right to vote on company matters at shareholder meetings.

ASPE

Accounting Standards for Private Enterprises, a set of accounting principles for private companies in Canada.