What Does the Coefficient of Determination Equal If R =

question 32

Multiple Choice

What does the coefficient of determination equal if r = 0.89?

• A)0.9412
• B)0.0121
• C)0.7921
• D)0.1100

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Definitions:

Ending Inventory

The valuation of goods available for sale at the end of an accounting period; part of the calculation of cost of goods sold.

Periodic Inventory System

An inventory accounting system where updates to inventory levels are made on a periodic basis, rather than being updated continuously.

First-In, First-Out

An inventory valuation method where the goods first purchased or produced are also the first to be sold, impacting the cost of goods sold and inventory value.

Average Cost

A calculation used in finance and economics that divides the total cost of production by the number of goods produced, yielding the cost per unit.