A Scatter Diagram Can Be Used to Do Which of the Following

question 76

Multiple Choice

A scatter diagram can be used to do which of the following?

• A) Determine the trend in a variable
• B) Analyze the relationship between two variables
• C) Describe the basic distribution for a quantitative variable
• D) Show the percentage of a variable that is associated with each category into which that variable has been divided

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Definitions:

Economy's Productivity

A measure of how efficiently goods and services are produced within an economy, typically quantified as output per unit of labor input.

Determinants

Factors or variables that cause changes in an economic model's behavior or outcomes.

Standards Of Living

The degree of wealth, comfort, material goods, and necessities available to a certain socioeconomic class or a certain geographic area.

Vast Oil Reserves

Large accumulations of underground oil that can be commercially extracted.