Write the Word or Phrase That Best Completes Each Statement ${ } ^ { \circ } \mathrm { F }$

question 2

Short Answer

Write the word or phrase that best completes each statement or answers the question.
-The maximum summer temperatures for nine randomly selected cities (in ${ } ^ { \circ } \mathrm { F }$ ) and the number of summer power outages in those cities are listed below. Can you conclude that there is a correlation between the maximum temperatures and the number of power outages? Use $\alpha = 0.01$ .
$\begin{array}{l|ccccccccc}\text { Temp } & 74 & 87 & 93 & 92 & 90 & 100 & 77 & 102 & 82 \\\hline \text { Outages } & 5 & 9 & 12 & 12 & 10 & 17 & 6 & 17 & 7\end{array}$

---

Definitions:

Market Price

The current price at which an asset or service can be bought or sold in a given market.

Long Run

A period in economics where all factors of production and costs are variable, allowing companies to adjust to achieve the most efficient scale of operation.

Operating Profits

Earnings before interest and taxes (EBIT), representing the profit from a business's normal core business operations.

Short Run

In economics, a period during which at least one of a firm's inputs is fixed, limiting the firm's capacity to adjust to changes in demand.