(Figure: Interpreting Equations on a Graph) in the Graph, If

question 21

Multiple Choice

(Figure: Interpreting Equations on a Graph) In the graph, if y stands for inflation and x stands for the money supply, then

• A) for every 1% increase in the money supply, inflation increases by 0.6%.
• B) for every 1% increase in inflation, the money supply increases by 0.6%.
• C) if the money supply increases by 14, then inflation goes up 0.6%.
• D) if inflation increases by 14, then inflation goes up 0.6%.

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Definitions:

Probability Distribution

A mathematical function that defines the likelihood of obtaining the possible values that a random variable can assume.

Sampling Distribution

The pattern of probabilities that emerge from a statistic calculated from a random-sample origins.

Deli Purchases

Transactions involving the buying of food and related items from a deli or delicatessen.

Standard Deviation

An indicator of the extent of variability or distribution within a group of numbers, demonstrating how significantly each number in the collection deviates from the average.