Louis Katz, a Cost Accountant at Papalote Plastics, Inc

Multiple Choice

Louis Katz, a cost accountant at Papalote Plastics, Inc. (PPI) , is analyzing the manufacturing costs of a molded plastic telephone handset produced by PPI. Louis's independent variable is production lot size (in 1,000's of units) , and his dependent variable is the total cost of the lot (in $100's) . Regression analysis of the data yielded the following tables: The correlation coefficient between Louis's variables is ___.

A) -0.73
B) 0.73
C) 0.28
D) -0.28
E) 0.00