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The Following Scatterplot Shows the Relationship Between the Time (In r=r =

question 101

Essay

The following scatterplot shows the relationship between the time (in seconds) it took men
to run the 1500m race for the gold medal and the year of the Olympics that the race was
run in:  The following scatterplot shows the relationship between the time (in seconds) it took men to run the 1500m race for the gold medal and the year of the Olympics that the race was run in:    a. Write a few sentences describing the association. b. Estimate the correlation.  r = ________
a. Write a few sentences describing the association.
b. Estimate the correlation. r=r = ________


Definitions:

Usury Laws

Regulations that impose a maximum interest rate that may be charged on loans.

Low-Income Borrowers

Individuals or households with low income levels who may face difficulties in obtaining loans or are considered high risk by lenders.

Legal Interest Rate

The maximum rate of interest that lenders can legally charge borrowers, often set by law or regulation.

Economic Profits

Profits that exceed the opportunity costs of all resources used by a firm, including both explicit and implicit costs.

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