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When a red tide occurs, huge numbers of microscopic organisms are filtered out of coastal waters by oysters and clams. This sometimes causes the shellfish to become toxic to people who eat them. The organisms that create the red tide are classified as:
Scattergraph
A graphical representation used in cost accounting to show the relationship between a cost (dependent variable) and its driver (independent variable).
Contribution Margin Ratio
The proportion of sales revenue that remains after variable costs are subtracted, represented as a percentage of total sales.
Selling Price
The amount of money for which a product or service is sold to customers.
Least-Squares Regression
A statistical method used to determine the line of best fit by minimizing the sum of squares of the differences between observed and predicted values.
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