Use the Following Data to Construct a Scatterplot

question 89

Multiple Choice

Use the following data to construct a scatterplot. What type of relationship is implied? (See the Excel Data File.)

• A) No relationship
• B) A positive relationship
• C) A negative relationship
• D) There is not enough information to answer

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Definitions:

Food Industry

The sector that covers the processing, preparation, and distribution of food products from agricultural production to consumers.

Total Revenue

The total income generated by a company from its business activities before any expenses are subtracted.

Recession

A period of significant economic decline spread across the economy lasting more than a few months, typically visible in real GDP, real income, employment, industrial production, and wholesale-retail sales.

Variable Costs

Costs that change in proportion to the level of goods or services that a business produces.