The Degree or Strength of a Relationship Between Two Variables

question 109

Multiple Choice

The degree or strength of a relationship between two variables is shown by the:

• A) alpha.
• B) mean.
• C) mean absolute deviation.
• D) coefficient of correlation.
• E) cumulative error.

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Definitions:

Past Payment History

The record of an individual's or entity's past payments on all debts, used by lenders to gauge creditworthiness.

Initial Credit Purchase

The first acquisition of goods or services that allows payment to be delayed.

Sight Draft

A financial document that demands immediate payment upon presentation to the drawee, often used in international trade.

Time Draft

A written order to pay a specified amount of money at a certain time in the future, often used in international trade.