A Consumer Research Group Examining the Relationship Between the Price

question 14

Multiple Choice

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

• A)remain the same.
• B)become positive.
• C)become weaker negative.
• D)become stronger negative.
• E)become zero.

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Definitions:

Cure the Defect

The process of correcting or fixing a flaw or error in a legal document or procedure.

Confirmed Letter of Credit

A letter of credit that has an additional guarantee by a second bank, ensuring payment under the letter of credit if the issuing bank fails to do so.

Seller's Bank

A bank appointed by a seller, often in trade transactions, to handle the documentation and receipt of payment from the buyer.

Liability

A company's or individual's legal responsibility for their actions or the state of being legally obligated to settle a debt.