Use the Data Shown in the Scatter Plot to Determine

question 42

Multiple Choice

Use the data shown in the scatter plot to determine whether the data should be modeled by a linear function.
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• A) Yes, approximately linear
• B) No, data points do not lie close to a line
• C) Yes, exactly linear

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Definitions:

Sales

The total revenue earned from the selling of goods or services, before any deductions are made.

Charge Customer

To bill a customer for goods or services provided, thereby creating an account receivable.

Cash Discount

A deduction from the invoice price that is allowed if payment is made within a specified period.

Credit

An accounting entry recording an increase in liabilities or equity or a decrease in assets, opposite of a debit.