-According to the Data in the Above Table,at What Level

question 63

Multiple Choice

$$\begin{array} { | c | c | } \hline \begin{array} { c } \text { Disposable } \\\text { income } \\\text { (thousands of } \\\text { dollars) }\end{array} & \begin{array} { c } \text { Consumption } \\\text { expenditure } \\\text { (thousands of dollars) }\end{array} \\\hline 200 & 225 \\\hline 300 & 300 \\\hline 400 & 375 \\\hline 500 & 450 \\\hline\end{array}$$
-According to the data in the above table,at what level of disposable income is savings negative?

• A) 200
• B) 300
• C) 400
• D) Never because saving cannot be negative.

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Definitions:

Response Variable

The outcome variable of interest in a study or experiment, which is hypothesized to depend on one or more independent variables.

Boxplot

A graphical representation used in statistics to show the distribution of numerical data and highlight the mean, median, quartiles, and outliers.

Influential Points

Data points that have a disproportionately large effect on the results of a statistical analysis, potentially skewing the analysis.

Scatterplot

A graphical representation where individual data points are plotted on a two-dimensional plane, showcasing the relationship between two variables.