In a Study of the Factors That Affect Success in Economics,data

question 56

Multiple Choice

In a study of the factors that affect success in economics,data were collected for 8 business students.Scores on a calculus placement test are given with economics final exam scores.The data are below: It can be shown that for these data: 140.75. Calculate the sample covariance.

• A)17.59
• B)7.93
• C)2.00
• D)33.93
• E)20.11

---

Definitions:

Savings Account

A deposit account held at a bank or other financial institution that provides principal security and a modest interest rate.

Behavioral Economic Explanation

An interpretation derived from behavioral economics, focusing on psychological, social, and cognitive factors affecting economic decisions.

Macroeconomics

The branch of economics that studies how the aggregate economy behaves, focusing on indicators like GDP, unemployment rates, and inflation.

Personal Hygiene

The practice of maintaining cleanliness and grooming of the physical body to enhance health and well-being.