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 moulded 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