Solve the Problem A) Positive Correlation


B) Negative Correlation

question 4

Multiple Choice

Solve the problem.
-The following table gives the total sales (revenue) and profits for 8 retailers. Construct a scatter diagram for thedata and state whether sales and profits for these companies have no correlation, a positive correlation, or a
Negative correlation.

$\begin{array}{l}\begin{array} { l c c } \hline \text { Company } & \begin{array} { c } \text { Total Sales } \\\text { (Millions of \$) }\end{array} & \begin{array} { c } \text { Profits } \\\text { (Millions of \$) }\end{array} \\\hline \text { Adams } & 9.5 & 0.5 \\\text { Browns } & 22.0 & 1.4 \\\text { Clay } & 35.0 & 1.8 \\\text { Donners } & 64.0 & 3.0 \\\text { Esters } & 27.5 & 0.9 \\\text { Framer } & 45.0 & 2.6 \\\text { Gillies } & 15.0 & 0.8 \\\text { Hays } & 57.0 & 2.2 \\\hline\end{array}\\\end{array}$

• A) Positive correlation
• B) Negative correlation
• C) Positive correlation
• D) No correlation

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Definitions:

Provision Account

An account that is set aside to cover anticipated future expenses or liabilities.

Wage Rise

An increase in the base pay rate for an employee or group of employees.

Enterprise Bargaining Agreements

Enterprise Bargaining Agreements are contracts negotiated between employers and employees at the enterprise level to set terms and conditions of employment.