The Following Data Shows the Price of PAO, Inc ​
A
Develop a Scatter Diagram and Draw a Trend Line

question 26

Essay

The following data shows the price of PAO, Inc.stock over the last 8 months. $$\begin{array} { l l } \text { Month } & \text { Price } \\1 & 2.08 \\2 & 2.00 \\3 & 2.03 \\4 & 1.91 \\5 & 1.88 \\6 & 1.87 \\7 & 1.70 \\8 & 1.67\end{array}$$ ​
a.
Develop a scatter diagram and draw a trend line through the points.
b.
What kind of relationship exists between stock price and time (negative, positive, or no relation)?

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Definitions:

Ethnocentrism

Viewing the world through our own cultural value system and thereby judging actions and people based on our own culture’s views of right and wrong and good and bad.

Cultural Relativism

The principle of understanding and evaluating cultural practices and beliefs within their own social contexts rather than from an external standpoint.

Social Dominance Orientation

A scale that measures an individual’s preference for hierarchical relationships between social groups and the extent to which they support dominance and inequality among these groups.

Authoritarian Submission

A psychological behavior characterized by uncritical acceptance of authority, where individuals submit excessively to figures they perceive as authoritative.