Suppose It Has Been Established That "Home Value" and "Years $= \$ 75,000 + \$ 12,500$

question 31

Multiple Choice

Suppose it has been established that "home value" and "Years of college" are linearly related, and that the relationship can be modeled using the following equation:
Home value $= \$ 75,000 + \$ 12,500$ (Years of College) . In this model, "years of college" is the $\frac{?}{}$ variable, and "home value" is thehave a $\frac{?}{}$ variable. The two variables have a $\frac{?}{}$

• A) Independent; Dependent; Positive
• B) Dependent; Independent; Positive
• C) Independent; Dependent; Negative
• D) Dependent; Independent; Negative

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Definitions:

Balance Sheet

A financial statement that represents a company's assets, liabilities, and shareholders' equity at a specific point in time.

Specific Date

A distinct, precisely identified day on the calendar specified for a particular event or deadline.

Income Statement

A financial statement that reports a company's financial performance over a specific accounting period.

Cash Investments

Money put into financial instruments or assets with the expectation of achieving a profit.