A Correlation Coefficient of +1.73 Means That

question 31

Multiple Choice

A correlation coefficient of +1.73 means that:

• A) the relationship between the two variables is very strong.
• B) the relationship between the two variables is very weak.
• C) as one variable increases, so does the other.
• D) a calculation error has been made.

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Definitions:

Roofing Fees Revenue

This refers to the income generated from providing roofing services.

Accounts Receivable

Outstanding payments due to a business from its clients for goods or services already delivered but not yet settled.

Unearned Revenues

Funds paid to a business for products or services that are to be supplied or carried out in the future.