If a Scatterplot Has Data Points That Are Tightly Packed

question 11

Multiple Choice

If a scatterplot has data points that are tightly packed along a diagonal that slopes from the upper left to the lower right of the graph, the correlation between variables is:

• A) Strongly positive
• B) Weakly positive
• C) Strongly negative
• D) Weakly negative

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Definitions:

Post-closing Trial Balance

A list of all company accounts that remain after year-end closing entries have been made, used to verify the balance of debits and credits.

Financial Statements

Structured reports of an entity's financial activities and condition, including the balance sheet, income statement, statement of cash flows, and statement of changes in equity.

Permanent Accounts

Accounts that carry their ending balances over into the next accounting period and are not closed out, such as assets, liabilities, and equity accounts.

Balance Sheet

A document depicting a corporation’s financial standing at a particular instant, outlining its assets, debts, and owner's equity.