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Ten students from a large lecture course were randomly sampled to see how many hours they studied for the final exam and their grade on the final exam.The professor wants to conduct a linear regression to determine if there is an association between the amount of time spent studying and the student's grade on the exam.Several plots are shown below.
World Price
The international market price of a good or service, determined by global supply and demand conditions.
Import
The process of bringing goods or services into a country from abroad for sale.
Export
The process of sending goods or services produced in one country for sale in another country.
Labor-Abundant
Describes an economy or sector that has a relatively high supply of labor compared to capital.
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