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Using data from a longitudinal study that collected wage income of finance professionals at various points in their lives, an analyst has constructed the following
Using data from a longitudinal study that collected wage income of finance professionals at various points in their lives, an analyst has constructed the following scatter chart and placed a linear trendline on the data. Wage Income ($1000s) 180 160 140 120 Correlation = +0.05 100 80 .................................. 60 40 20 0 20 40 60 80 Age (Years) What is a reasonable conclusion from this chart? O There is no relationship between a person's age and their wage income. O A person's age and wage income do not appear to be linearly related, but there does appear to be a nonlinear relationship between these two variables. O A scatter chart is not the best way to view these data because they were collected over time and therefore a line chart should be used. O None of the variables appear to be highly correlated with each other
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