The Table Contains the Weights (In Pounds)and Heights (In Inches)of

question 37

Essay

The table contains the weights (in pounds)and heights (in inches)of 9 randomly selected adults. You learn that the five smallest weights were all women. How does this change your view of the correlation? $$\begin{array} { c c } \hline \text { Weight (lb) }& \text {Height (in.) } \\ \hline 128 & 70 \\130 & 65 \\155 & 75 \\150 & 72 \\135 & 68 \\145 & 68 \\145 & 65 \\125 & 60 \\130 & 62\end{array}$$

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Definitions:

Consumers Buy

Consumers buy refers to the action of individuals or households purchasing goods and services for personal use, driven by preferences, income, and prices.

Economic Profits

Profits calculated by subtracting both explicit and implicit costs from total revenues, which is a more comprehensive measure of true profitability.

Total Costs

The complete costs involved in the production of goods or services, including both fixed and variable costs.

Output Sold

The quantity of a company's products or services that have been purchased by customers.