The Director of an Alumni Association for a Small College $\begin{array} { c c } \text { Years } x & \text { Contribution } y \\ 1 & 500 \\ 5 & 100 \\ 3 & 300 \\ 10 & 50 \\ 7 & 75 \\ 6 & 80 \end{array}$

question 18

Essay

The director of an alumni association for a small college wants to determine whetl there is any type of relationship between the amount of an alumnus' contribution ( dollars) and the number of years the alumnus has been out of school. The data fol
a. Draw the scatter plot for the variables.
b. Give a brief explanation of the type of relationship.
$\begin{array} { c c } \text { Years } x & \text { Contribution } y \\ 1 & 500 \\ 5 & 100 \\ 3 & 300 \\ 10 & 50 \\ 7 & 75 \\ 6 & 80 \end{array}$

---

Definitions:

Unearned Revenue

Money received by a business for services or products yet to be delivered or provided; considered a liability until the service or product is delivered.

Utilities Expense

The cost incurred by a business for the consumption of utilities services like electricity, gas, water, and sewage.

Accounts Payable

Liability accounts representing the amounts owed by a company to its suppliers or creditors for goods and services received.

General Journal

A journal used in accounting that records all day-to-day financial transactions in chronological order.