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A university admissions committee was interested in examining the relationship between a student's score on the SAT exam, x, and the student's grade point average, y, (GPA) at the end the student's freshman year of college. The committee selected a random sample of 25 students and recorded the SAT score and GPA at the end of the freshman year of college for each student. Use the following output that was generated using Minitab to answer the questions below: Determine the correlation between a student's SAT score and GPA at the end of the freshman year.
Since b is ______________ the correlation is ______________.
Interpret the value.
There is a ______________ linear relationship between a student's SAT score and GPA at the end of the freshman year.
Price Ceiling
A legal maximum on the price at which a good can be sold, often set by government.
Subsidies
Financial assistance granted by a government or institution to support businesses, industries, or individuals, often to encourage production or consumption.
Agricultural Surpluses
The excess production of agricultural products beyond what is needed to meet the demand, often resulting in lowered prices and wasted resources.
Developing Countries
Nations with a lower level of material wealth, less developed industrial bases, and lower Human Development Index ratings compared to more developed countries.
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