Assume That the Relation Between SAT Scores and First-Year Grade

question 34

Multiple Choice

Assume that the relation between SAT scores and first-year grade point average (GPA) is stronger than between SAT and second-year GPA.If two scatterplots were constructed to represent these data, how would they compare?

• A) The cluster of points for SAT and second-year GPA would more closely approximate a straight line.
• B) The cluster of points for SAT and first-year GPA would more closely approximate a straight line.
• C) The pattern for both sets of data would be from the upper left portion of the graph to the lower right.
• D) The graph for SAT and first-year GPA would have more outliers.

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Definitions:

Per-Unit Profit

The difference between the selling price of a product and its cost of production on a per-item basis, indicating the profit generated from selling one unit of product.

AVC

Average variable cost refers to the division of the total variable expenses by the quantity of goods produced.

ATC

Average Total Cost, which refers to the total cost per unit of output, including both fixed and variable costs.

MC

In economics, MC stands for Marginal Cost, which is the cost of producing one additional unit of a good or service.