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Differentiate between positive, negative, and no linear relationship between two quantitative variables.
Interpret the slope and intercept of a least-squares regression line.
Construct and interpret scatterplots for examining relationships between two quantitative variables.
Understand the concept of covariance and its role in statistical analysis.

Definitions:

Balance Sheet

A report detailing a corporation's assets, liabilities, and owners' equity at a particular moment.

Comparative Data

Information presented for two or more periods to facilitate quantitative analysis, allowing for trend analysis and benchmarking.

Operating Expenses

Costs incurred during the normal operations of a business, excluding costs related to the production of goods or services.

Direct Method

A cash flow statement preparation approach that lists major categories of gross cash receipts and payments.

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