What can be said about a correlation coefficient of -1?
What will be an ideal response?
This is a perfect negative correlation where all of the values lie in a straight line. The negative value indicates that as X increases in value, Y decreases in value.
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Most large companies will use only one inventory costing methods for all of its different segments
Indicate whether the statement is true or false
The U.S. Supreme Court did not categorically find that business methods could not be patented
Indicate whether the statement is true or false
Monchessa went to a fabric store to purchase fabric to make herself a suit. The sales person showed her several bolts of fabric. She picked out the fabric she wished to buy but was told there wasn't enough to make a suit but that she would order a bolt from the manufacturer. The salesperson assured Monchessa that the fabric she ordered "would match exactly the fabric she had selected." The
salesperson's statement is a. sales puffing. b. a warranty of title. c. an express warranty. d. an implied warranty.
Patrick Company expects to generate free-cash of $120,000 per year forever
If the firm's required return is 12 percent, the market value of debt is $300,000, the market value of preferred stock is $70,000, and the company has 100,000 shares of stock outstanding. What is the value of Patrick's stock? A) $6.30 B) $10.00 C) $7.00 D) $9.70