Why will you rarely find a perfect correlation between any two variables?
What will be an ideal response?
ANS:You will rarely find a perfect correlation between any two variables because few variables are exactly alike.
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When an inventory system updates the Inventory account at the time of each sale, this is known as:
a. a perpetual system b. an accrual system c. a periodic system d. a contra-purchase system
If liabilities total $70,000 and stockholders' equity totals $50,000, then total assets must be:
a. $20,000. b. $80,000. c. $120,000. d. $30,000. e. $30,000.
A decline in the availability of bicycle handle bars will decrease Huffy Bicycle Company's production of bicycles. This decreased production in turn will reduce Huffy's demand for bicycle seats. This scenario illustrates_____ demand
a. inelastic b. joint c. elastic d. fluctuating
A security's beta (also called beta weight) is a statistic that measures
A) the responsiveness of its return over time to returns of the overall market. B) its degree of random risk. C) the range of its returns over a period of time. D) its risk in relation to a risk-free asset.