Describe the Form, Direction, and Strength of the Relationship Below

question 30

Essay

Describe the form, direction, and strength of the relationship below. $$\begin{array} { l c c c c c c c c c c c c } \text { Time spent } & 1 & 2 & 5 & 4 & 6 & 7 & 8 & 5 & 2 & 4 & 3 & 5 \\\text { studying (hours) } & & & & & & & & & & & & \\\begin{array} { l } \text { Test score } \\\text { (percentage) }\end{array} & 49 & 57 & 80 & 70 & 88 & 91 & 98 & 80 & 57 & 72 & 65 & 82\end{array}$$

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Definitions:

Insolvency

A financial state in which an entity can no longer meet its debt obligations, leading to legal consequences such as bankruptcy.

Market To Book Value

A financial ratio used to compare a company's current market price to its book value, indicating how much shareholders are paying for the net assets of a company.

ROE

Return on Equity, a measure of financial performance calculated by dividing net income by shareholders' equity, indicating how efficiently a firm uses its equity to generate profit.

Leverage Ratio

The leverage ratio is a financial metric indicating the level of debt used by a business to finance its assets, often used to assess financial risk.