Professor Miller Has Found That the Correlation Between a Person's

question 25

Multiple Choice

Professor Miller has found that the correlation between a person's "need for affiliation" (found by taking a test to determine the need to be with others) and the number of hours spent watching television is 0.69.He should conclude that

• A)as we observe people with higher and higher need for affiliation,we see a tendency for those people to spend less and less time watching television.
• B)there is not much of a relationship between the two variables because the r is negative.
• C)as we observe people with higher and higher need for affiliation,we see a tendency for those people to spend more and more time watching television.
• D)the people who watch more television tend to have more need to be around others.

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Definitions:

Adjusting Entry

A journal entry made at the end of an accounting period to allocate income and expenditure to the appropriate years.

Interest Income

Income earned from investments such as savings accounts, bonds, or loans, usually calculated as a percentage of the principal amount.

Interest Receivable

The amount of interest that has been earned but not yet received in cash or recorded by the recipient company.

Effective Interest Rate

The real rate of interest earned or paid on an investment, loan, or other financial product, accounting for the effects of compounding.