Use the Following Scatterplot to Answer the Questions

question 97

Multiple Choice

Use the following scatterplot to answer the Questions:
-What can you say about the correlation?

• A) The correlation is greater than 1.
• B) The correlation is exactly 1.
• C) The correlation is between 0 and 1.
• D) The correlation is negative.

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Definitions:

Industrialized Nations

Countries characterized by significant industrial activity, advanced technological infrastructure, and a higher standard of living.

Private Enterprise Systems

A private enterprise system, also known as capitalism, is characterized by private property rights and the free market dictating the allocation of resources and production.

Substitute Goods

Products that can be used in place of one another; increasing the price of one leads to an increase in demand for the other.

Consumers' Incomes

The total amount of money earned by the population, affecting purchasing power and consumer behavior in the economy.