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Setler [38]
3 years ago
15

A researcher measures driving distance from college and weekly cost of gas for a group of commuting college students. What kind

of correlation is likely to be obtained for these two variables?
Business
2 answers:
Elena-2011 [213]3 years ago
8 0

Answer:

The correct answer is: a positive correlation.

Explanation:

Correlation can say something about the relationship between variables. It is used to understand:

1. If the relationship is positive or negative

2. The strength of the relationship.

Correlation is a powerful tool that provides vital pieces of information.

In the case of family income and family spending, it is easy to see that both rise or fall together in the same direction. This is called a positive correlation.

In the case of price and demand, the change occurs in the opposite direction, so that the increase in one is accompanied by a decrease in the other. This is known as a negative correlation.

svp [43]3 years ago
5 0

Answer:

positive correlation

Explanation:

In statistics, positive correlation between two variables means that both variables will move in the same direction. For example, if one variable decreases, the other one should decrease also.

In this case, the researcher is measuring two variables:

  1. driving distance
  2. cost of gas

I can definitely assure you even without taking any measurements, that the more you drive, the more you spend on gas. The two variables are extremely positively correlated.

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John is evaluating which investment would be best for his company. He wants to determine the future value of a certain investmen
ruslelena [56]

Answer: $220

Explanation:

The following information can be derived from the question:

PV = $200

INT = 0.1 or 10%

N = 1 (years)

To calculate the future value of this investment, we will use the formula:

FV = PV( 1 + i)^n

FV = $200(1 + 0.1)

FV = $200(1.1)

FV = $220

The future value of this investment would be $220.

6 0
3 years ago
You have been asked to set up a network for a nationwide retailer with stores in all 50 states. The retailer would like to be ab
hram777 [196]

A centrally administered WAN network

8 0
3 years ago
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Concord Corporation has several outdated computers that cost a total of $18000 and could be sold as scrap for $6000. They could
DanielleElmas [232]

Answer:

$18,000

Explanation:

Sunk costs refers to a cost that has been expended and cannot be recovered or recouped.

With regards to the above, $18,000 was expended concord by corporations to purchase computers hence cannot be recovered. Therefore, it is a sunk cost.

8 0
3 years ago
Interest rates on a loan provide what key information?
vesna_86 [32]

Answer:

d

Explanation:

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6 0
3 years ago
In a flexible budget performance report _____.
natulia [17]

Answer:

b. the budget is adjusted to the actual activity for the period.

Explanation:

A flexible budget performance report is a comparison between actual costs and revenues, and the budgeted income and expenses at the end of a period, based on actual performance.  The report shows the difference between the actual results and the estimated numbers.  Management uses the report to determine if the company's results were in line with management expectations.

The performance report is prepared at the end of a financial period.  It helps the management analyse any major variances between the actual performance at the estimated numbers at the beginning of a period.  The report helps the management identify the companies strong areas, and the sections that need improvements.

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