If the Line That Comes Closest to All Points in a Scatter

question 4

Multiple Choice

If the line that comes closest to all points in a scatter diagram is perfectly straight, the correlation between the two variables is

• A)linear.
• B)curvilinear.
• C)positive.
• D)unknown.

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Definitions:

Foreign Exchange Market

A global marketplace for exchanging national currencies against one another.

Swiss Franc

The national currency of Switzerland, known for its stability and being a safe-haven currency in times of financial uncertainty.

Demand Curve

A graph showing the relationship between the price of a good and the quantity demanded by consumers at those prices.

Foreign Exchange

The global market for trading currencies, enabling the conversion of one currency into another.