An Introductory Statistics Class Decides to Investigate Whether There Is

question 17

Multiple Choice

An introductory statistics class decides to investigate whether there is a relationship between the performance on midterms 1 and 2. The instructor creates a scatterplot of midterm 2 scores (y) versus midterm 1 scores (x) . Based on the plot, which of the following is likely true?

• A)The correlation between midterm 1 and midterm 2 scores is positive.
• B)Students who did well on midterm 1 did not do so well on midterm 2, and vice versa.
• C)There is no relationship between midterm 1 and midterm 2 performance.
• D)None of the answer options is correct.

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Definitions:

Proprietorship

A type of business entity owned and run by one individual where there is no legal distinction between the owner and the business.

Accounting Records

Documentation and books that keep track of the financial transactions, operations, and condition of a business.

Revenues Recognized

Refers to the income that a company has earned and reported on its financial statements for a specific period, in accordance with accounting principles.

FASB Conceptual Framework

The Financial Accounting Standards Board (FASB) Conceptual Framework is a coherent system of interrelated objectives and fundamentals that is intended to lead to consistent standards.