THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION

question 137

Essay

THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION:
The data below are for the number of unemployed persons (in millions)and the federal unemployment insurance payments (in billions of dollars)for the years 1978-1985.Some economists state that these two variables are positively related.


-Develop a scatter diagram for these data.

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Definitions:

Recorded Incorrectly

Refers to transactions or entries that have been documented in an erroneous manner within the financial records.

Cash Equivalents

Short-term, highly liquid investments that are readily convertible to known amounts of cash and have original maturities of three months or less.

Commercial Paper

An unsecured, short-term debt instrument issued by corporations, typically for the financing of accounts receivable, inventories, and meeting short-term liabilities.

Short-term Investments

Investments typically held for one year or less, intended for quick conversion to cash without a significant risk of loss.