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3 years ago

George

Business

1 answer:

Yanka [14]3 years ago

8 0

Answer: Yes, because negative correlation coefficient implies there is negative correlation between quantities.

Explanation:

Correlation is a term we use to define the strength and direction of relation ship between two variables.

Negative correlation coefficient means there is a negative correlation between the variables , that is if one increases the other decreases.

Here, variables are : " investment in the textile" and "average temperature in Minnesota during January "

So -0.60 defines that there is negative correlation between the investment in the textile and the average temperature in Minnesota during January.

You might be interested in

What voting system is preferred by voting rights activists as a means of increasing minority representation?

Paha777 [63]

Answer:

Cumulative voting

Explanation:

Cumulative voting - in this type of voting system sole right is given to shareholder who is in minority to elect their director. this system permit shareholder to cast all their vote for any single nominee for board of directors.

while in regular voting system no permission is granted to anyone to cast more than one vote.

example - for four member and 500 holding share , maximum vote than can cast is 500 (one vote for one share) in normal voting but in cumulative maximum that can cast is 2000 votes

8 0

3 years ago

Use the graph for a competitive market ti answer the question below

Svetlanka [38]

Answer:

$3.25

Explanation:

The new price for cigarettes will be the intersection point between the demand curves and the new supply curve.

Assuming S1 is the old supply curve without taxes and the new supply curve is S2 with taxes. The new price is the intersection of S2 and the demand curve, which is at $3.25.

3 0

3 years ago

How many inches are there in a football field (100 yards)? 1 yard = 3 feet; 1 foot = 12 inches

crimeas [40]

4320 . this prob would have been answered faster under the mathmatics topic

8 0

3 years ago

Dazzle Inc produces beads for jewelry making use . The following information summarizes production operations for June . The jou

Harman [31]

Answer:

Missing wordings <em>"Direct materials used $104,000, Direct labor used 177,000, Predetermined overhead rate (based on direct labor) 160 %, Goods transferred to finished goods 449,000, Cost of goods sold 461,000, Credit sales 980,000"</em>

<em />

Factory overhead = Direct Labor used * Predetermined Overhead rate

Factory overhead = 177,000 * 160%

Factory overhead = 283,200

Journal Entry Debit Credit

Work in Process Inventory $283,200

Factory Overhead $283,200

3 0

3 years ago

At an output level of 59,000 units, you calculate that the degree of operating leverage is 3.3. The output rises to 64,000 units

11Alexandr11 [23.1K]

Answer: Percentage change OCF = 27.96%.

Explanation:

Given that,

Output level = 59,000 units

Degree of operating leverage = 3.3

Output rises to 64,000 units,

Degree of Leverage = $\frac{Percentage\ change\ in\ Operating\ cash\ Flow}{Percentage\ change\ in\ Quantity}$

Percentage change OCF = Degree of Leverage × Percentage change in Quantity

= $3.3 \times \frac{64000-59000}{59000} \times 100$

= 27.96%

5 0

3 years ago