What Is the Main Objective of the Net Worth Method

question 31

Multiple Choice

What is the main objective of the net worth method?

• A)To determine the income and expenditure of an individual.
• B)To determine the extent of the stolen funds.
• C)To determine the financial position of the organization.
• D)To determine the change in the net worth.

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Definitions:

Prediction Interval Estimate

An estimate of an interval in which future observations will fall, with a certain probability, given what has already been observed.

Confidence Interval Estimate

A range of values defined so that there is a specified probability that the value of a parameter lies within it.

Coefficient Of Determination

A statistical measure that assesses the proportion of variance in the dependent variable predictable from the independent variable(s).

Coefficient Of Correlation

A numerical measure that quantifies the strength and direction of a linear relationship between two variables.