When the Correlation Coefficient Representing the Relationship Between X and Y

question 32

Multiple Choice

When the correlation coefficient representing the relationship between X and Y is intermediate,then all of the following are true except

• A)there is not a perfectly consistent association.
• B)there are different Y scores associated with a single X score.
• C)prediction of Y from a known X score has some error.
• D)all data points fall on the regression line.

---

Definitions:

Project Cost

The total expenditure, including all applicable fees and charges, needed to complete a project.

Payback Period

The length of time needed to recoup the initial cost of an investment, measuring the time it takes for an investment to become profitable.

Cash Flows

The aggregate quantity of cash and cash-like assets going in and coming out of a firm.

Payback Period

The duration required to recoup the cost of an investment or project.