A Perfect Positive Correlation Occurs When the Dots on a Scatter

question 78

Multiple Choice

A perfect positive correlation occurs when the dots on a scatter plot form a ________.

• A) circle or random pattern
• B) cigar shape
• C) straight line from lower left to upper right
• D) straight line from upper left to lower right

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Definitions:

Gross Margin Ratio

A financial metric that shows the percentage of revenue that exceeds the cost of goods sold, indicating the efficiency of a company in managing its production costs.