If the Points on a Scatterplot Are Clustered in a Pattern

question 87

Multiple Choice

If the points on a scatterplot are clustered in a pattern that extends from lower left to upper right,this would suggest that the two variables depicted are

• A) normally distributed.
• B) positively correlated.
• C) negatively correlated.
• D) not correlated.

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Definitions:

Quantity Demanded

The total amount of a good or service that consumers are willing and able to purchase at a specific price level in a given time period.

Quantity Demanded

The total amount of a good or service that consumers are willing and able to purchase at a given price level in a given time period.

Quantity Supplied

The total amount of a good or service that producers are willing and able to sell at a given price level.

Quantity Demanded

The total amount of goods or services that consumers are willing and able to purchase at a given price level.