Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jun 11, 2024

A data sample was taken to find out the relationship between the per capita income of the inhabitants of a country based on the gross

A data sample was taken to find out the relationship between the per capita income of the inhabitants of a country based on the gross domestic product (GDP) of the same country. If a correlation of -0.896 was found, what would be your conclusion?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Critical Issues In Mathematics Education Monograph Series In Mathematics Education

Authors: Paul Ernest, Brian Greer, Bharath Sriraman

1st Edition

1607522187, 9781607522188

More Books

Students also viewed these Mathematics questions

Question

★★★★★

Let f(x) = (anxn be an even function (f(-x) = f(x)) for x in (-R, R). Prove that an = 0 if n is odd. Use the Uniqueness Theorem?

Answered: 1 week ago

Question

★★★★★

Be able to use costvolumeprofit analysis to establish a break-even point and to assist in business decision making.

Answered: 1 week ago

Question

★★★★★

1. Share examples of how you have improved your knowledge and skills, for example in writing, at a sport, or doing a craft.

Answered: 1 week ago

Question

★★★★★

Kehoe, Inc. owes $40,000 to Ritter Company. How much would Kehoe have to pay each year if the debt is retired through four equal payments (made at the end of the year), given an interest rate on the...

Answered: 1 week ago

Question

★★★★★

Describe the term cost of carry and benefits of carry. Give examples. Explain who you also have to consider opportunity costs

Answered: 1 week ago

Question

★★★★★

Dash Company adopted a standard costing system several years ago. The standard costs for the prime costs (i.e., direct materials and direct labor) of its single product are: Material (8 kilograms...

Answered: 1 week ago

Question

★★★★★

A lab orders a number of chemicals from the same supplier, with a lead time two weeks. The assistant manager of the lab must determine how much of one of these chemicals to order. Usage of the...

Answered: 1 week ago

Question

★★★★★

Spec, Inc.s stock is expected to generate a dividend and terminal value one year from now of P57.00.The stock has a beta of 1.3, the risk-free interest rate is 6 percent, and the expected return...

Answered: 1 week ago

Question

★★★★★

1. Honda is planning to introduce new electric car in 2 years. Describe your role in detail as Procurement and Purchasing Manager of Honda to ensure this product will be ready to launch in two years....

Answered: 1 week ago

Question

★★★★★

The production records of Prince Company for the month of June shows the following: Total Manufacturing Cost Variance P 3,840 U Rate Variance 8,710 F Total material cost variance 2,975 U Total Labor...

Answered: 1 week ago

Question

★★★★★

Based on the facts, what is the primary ethical issue in this case? Who are the stakeholders? What changes could have been made to impact the outcome of this fraud? Research recent developments in...

Answered: 1 week ago

Question

★★★★★

There is some concern that it will be difficult for regulators to ignore their past ties to industry and pass regulations that are in the public interest, especially when the regulations would...

Answered: 1 week ago

Question

★★★★★

Regarding your offer of the advertising discount: a. Is your action ethical according to the categorical imperative perspective? b. Is your action ethical according to the utilitarian perspective? c....

Answered: 1 week ago

Question

★★★★★

Summarize the purpose and intended benefits of a healthcare exchange.

Answered: 1 week ago

Question

★★★★★

Assuming that the county has just changed from the system in Figure 7-12 to the one in Figure 7-13, which of your answers in questions 7-5 and 7-6 do you think is better? Justify your answer.

Answered: 1 week ago

Previous Question Next Question