Which Display Is Most Likely to Reveal Association Between X

question 76

Multiple Choice

Which display is most likely to reveal association between X and Y?

• A)Dot plot
• B)Scatter plot
• C)Histogram
• D)Pareto chart

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Definitions:

Stated Annual Percentage Rate

The nominal interest rate stated by financial institutions, not accounting for compounding or fees, on products like loans or savings accounts.

Daily Compounding

The process of calculating interest on both the initial principal and the accumulated interest from previous periods on a daily basis.

EAR

Effective Annual Rate; the real return on an investment, taking into account the effect of compounding interest.

APR

Annual Percentage Rate, representing the yearly interest rate charged on borrowed money.