We Can Infer That There Is a Strong Relationship Between

question 53

Multiple Choice

We can infer that there is a strong relationship between two numeric variables when the points on a scatterplot

• A)cluster tightly around a straight line.
• B)are randomly scattered in no clear pattern.
• C)display a positive relationship.
• D)display a negative relationship.

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Definitions:

Liabilities

Financial obligations or debts owed by a person, company, or entity to others.

Assets

Resources with economic value that an individual, corporation, or country owns or controls with the expectation that it will provide future benefit.

Checkable Deposits

Bank account balances that can be accessed using checks, debit cards, or electronic transfers and are very liquid.

Required Reserve Ratio

The fraction of deposits that banks are mandated by regulation to hold in reserve and not lend out.