A Scatter Plot Shows Data Points That Are Widely Scattered

question 67

Multiple Choice

A scatter plot shows data points that are widely scattered around a line that slopes down to the right. Which value would be closest to the correlation for these data?

• A) 80
• B) 40
• C) .40
• D) .80

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Definitions:

Privity of Contract

The principle that a contract directly affects and grants enforceable rights only to the parties involved in the contract agreement.

Promissory Estoppel

A legal principle that prevents a party from going back on a promise, even if it was made without formal consideration, when someone else has reasonably relied on that promise.

Statute of Frauds

A legal principle requiring certain types of contracts to be in writing and signed by the parties involved to be legally enforceable.

Statutory Novation

The replacement of an obligation to perform under a contract with a new obligation or party, as recognized by statute.