The Scatter Plot for a Set of X and Y

question 21

Multiple Choice

The scatter plot for a set of X and Y values shows the data points clustered in a nearly perfect circle.For these data,what is the most likely value for the correlation?​

• A)a positive correlation near 0​
• B)​a negative correlation near 0
• C)​either positive or negative near 0
• D)​a value near +1.00 or 1.00

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Definitions:

Economic Disruptions

Significant interruptions to the normal flow of goods, services, and capital, often caused by financial crises, natural disasters, or geopolitical events.

Trade Specialization

The economic practice where countries or regions focus on producing goods and services in which they have a comparative advantage, leading to increased efficiency and productivity.

Trade Surplus

Occurs when a country's exports exceed its imports during a specific time period, indicating a positive balance of trade.

Bilateral Trade Agreement

An agreement between two countries that lowers tariffs and trade barriers on most goods and services traded between them.