The Scatter Diagram Shows the Relationship Between Average Number of Years

question 115

Multiple Choice

The scatter diagram shows the relationship between average number of years of education and births per woman ofchild bearing age in selected countries. Use the scatter plot to determine whether the statement is true or false.
-There is a strong positive correlation between years of education and births per woman.

• A) False
• B) True

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Definitions:

Credit Sales

Sales in which the customer is allowed to pay at a later date, typically used to increase sales volume.

Cash Collections

The process of gathering all payments or receivables from customers over a specific period.

Accounts Receivable

Money owed to a business by its customers for products or services that have been delivered or used but not yet paid for.

Cost of Goods Sold

The direct costs attributable to the production of the goods sold in a company, including material and labor costs.