A Study Was Conducted to Determine If There Was a Relationship

question 51

Multiple Choice

A study was conducted to determine if there was a relationship between the prices a non-member of a book club paid for various publications and the prices that a member pa the same publications. The data gathered is shown below. Compute the value of the corre coefficient.
$\begin{array} { c c } \text { Non-member } & \text { Member } \\ \text { Price } & \text { Price } \\ 58 & 32 \\ 42 & 22 \\ 46 & 20 \\ 32 & 16 \\ 25 & 19 \\ 75 & 58 \\ 35 & 34 \\ 63 & 48 \end{array}$

• A) 0.932
• B) 0.679
• C) 0.857
• D) 0.762

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Definitions:

Bankrupt Estate

The total assets of a person or entity that are available for distribution among creditors after declaring bankruptcy.

Proof of Claim

A written statement filed by a creditor in a bankruptcy case stating the amount owed by the debtor.

Creditors

Individuals or entities that are owed money by debtors, typically arising from financial obligations like loans or credit agreements.

Funds

Financial resources, including money or other assets, that are set aside for a specific purpose or investment.