If the Data in a Scatter Plot Form a Nearly

question 35

Multiple Choice

If the data in a scatter plot form a nearly perfect circle, the Pearson correlation would be approximately ____.

• A) +.8 or +.9
• B) − .8 or − .9
• C) 1.00
• D) zero

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Definitions:

Technological Improvements

Advancements or enhancements in technology that lead to more efficient processes, better products, or improved ways of doing things.

Outward Shift

In economics, refers to the movement of a curve away from the origin in a graph, indicating an increase in quantity supplied or demanded due to various factors.

Production Possibility Frontier

A plot that displays the extreme production possibilities for two goods, based on an array of resources and additional factors.

Resources Efficiency

The optimal use of resources to achieve the desired outcome with minimal waste, maximizing the effectiveness of resource utilization.