Determine Whether There Is Positive Correlation, Negative Correlation, or No

question 50

Multiple Choice

Determine whether there is positive correlation, negative correlation, or no discernible correlation between the variables shown in the scatter plot below.

• A)positive correlation
• B)negative correlation
• C)no discernable correlation

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Definitions:

Cost of Inventory Sold

The total cost of goods sold during a specific period, including the cost of acquiring or manufacturing the goods.

Sales

The transactions involved in selling goods or services to customers, generating revenue for a business.

FOB Destination

A shipping term indicating that the seller bears all costs and risks until the goods are delivered to the buyer's specified location.

Freight Cost

The charge incurred for transporting goods via air, land, or sea.