A consumer research group examining the relationship between the price of meat (per pound) and fat content (in grams) gathered data that produced the following scatterplot. 
If the point in the lower left hand corner (2 grams of fat; $3.00 per pound) is removed, the
Correlation would most likely
Definitions:
Life Insurance
A contractual agreement with an insurance company that provides a lump sum payment, known as a death benefit, to beneficiaries upon the insured person's death, in exchange for premium payments.
Market Failure
A scenario in which the distribution of goods and services through an unregulated market leads to inefficiencies, resulting in a decrease in overall social welfare.
Lost Surplus
Refers to the welfare that is lost to consumers or producers due to market inefficiencies or interventions, such as taxes or price ceilings.
Public Good
A product that one individual can consume without reducing its availability to another individual and from which no one is excluded.
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