In a Scatter Diagram, a Line That Provides an Approximation

question 9

Multiple Choice

In a scatter diagram, a line that provides an approximation of the relationship between the variables is known as

• A)approximation line
• B)trend line
• C)line of zero intercept
• D)line of zero slope

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Definitions:

Credit Decision

The process by which lenders determine the creditworthiness of a borrower, based on criteria such as credit score, income, and past repayment history, to approve or deny credit.

Credit Agreement

A legal contract in which a borrower agrees to the terms under which they are lent money by a lender.

Extend Credit

The act of allowing a customer to purchase goods or services now and pay for them later, under agreed terms and conditions.

Resale

The act of selling again, especially selling a purchased item to another buyer.