Amelia Used a Random Sample of 100 Accounts Receivable to Estimate

question 53

Multiple Choice

Amelia used a random sample of 100 accounts receivable to estimate the relationship between Days (number of days from billing to receipt of payment) and Size (size of balance due in dollars) . Her estimated regression equation was Days = 22 + 0.0047 Size with a correlation coefficient of .300. From this information we can conclude that:

• A)9 percent of the variation in Days is explained by Size.
• B)autocorrelation is likely to be a problem.
• C)the relationship between Days and Size is significant.
• D)larger accounts usually take less time to pay.

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