The following scatterplot shows a relationship between x and y that results in a correlation coefficient of r = 0. Explain why r = 0 in this situation even though there appears to be a strong relationship between the x and y variables. 
Definitions:
Interim Financial Reports
Financial statements that are prepared and presented for a period shorter than a fiscal year, often quarterly or semi-annually, to provide timely information to stakeholders.
Gross Profit Method
An inventory estimation technique calculating the cost of goods sold by applying a gross profit margin to sales, used for interim financial reporting and estimating inventory levels.
Beginning Inventory
The value of stock held by a business at the start of an accounting period.
Gross Profit Rate
The percentage of revenue that exceeds the cost of goods sold, indicating the efficiency of production and pricing.
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