Tendency of measuring correlation of two variables is classified as_________?
Correct answer: C. Correlation coefficient
- A. Tendency coefficient
- B. Variable coefficient
- C. Correlation coefficient
- D. Double coefficient
Explanation
The correlation coefficient is the statistical measure of how strongly and in what direction two variables move together. Its value ranges from -1 to +1.
Report an error
The more specific you are, the faster it gets fixed. A source beats an opinion.
Prefer email? support@testustad.com
About Business Finance
Business finance explains how organisations plan, obtain and use money while balancing risk, return and liquidity. Topics include financial statements, time value of money, budgeting, working capital, capital structure, sources of finance, investment appraisal and cost of capital. Capital budgeting evaluates long-term projects, whereas working capital manages day-to-day operations.
Practise Business Finance
975 free Business Finance MCQs from Management Sciences, each with the correct answer and an explanation. Unlimited attempts, no account needed.
Exams that ask Management Sciences questions like this
Management Sciences is on 2 papers prepared for on TestUstad, and all of them draw the same bank, so this question is worth knowing for every one of them.
More Business Finance questions
Term structure premium, an inflation of bond and bond default premium are included in_________________?
Chance of occurrence of any event is classified as_____________?
Tendency of moving together of two variables is classified as_____________?
Chance of happening any unfavorable event in near future is classified as___________?
Coefficient of variation is used to identify an effect of__________?
A tighter probability distribution shows the___________?