Homework Answers
When there is a positive correlation between two variables then the relationship is shown by an upward sloping line or curve reflecting that an increase in value of one of them raises the value of the other also.
Slope upward.
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Question 15 1 pts If two variables are positively correlated, the line will: O slope downward...
Jysten wli Consider that you're finished working on th Luck! Question 16 1 pts Laffer curve...
Jysten wli Consider that you're finished working on th Luck! Question 16 1 pts Laffer curve (the relationship between tax rate and tax revenue) states that tax revenue increases along with the increase in tax rate, but at a certain level of tax rate, it starts discourage workers hence the tax revenue might decrease; the curve will be: O slope downward O be horizontal line O slope upward O non-linear Next Previous
Question 4 1 pts If the slope of a line is the slope of a line...
Question 4 1 pts If the slope of a line is the slope of a line perpendicular to it would be. O Question 5 1 pts Find the slope and y-intercept of the equation. -4r + 8y = 30 15 O slope y-intercept O slope - 4 y-intercept30 O slope y-intercept O slope - 4 - intercept
If two quantitative variables are negatively correlated, this implies that... (select all that apply; you have...
If two quantitative variables are negatively correlated, this implies that... (select all that apply; you have 5 attempts) O The response variable is always positive The response variable is always negative The response variable tends to increase when the predictor variable decreases The response variable tends to decrease when the predictor variable decreases O The LOBF for the data is horizontal O The LOBF for the data is vertical O The LOBF is upward sloping O The LOBF is downward...
Question 16 1 pts A demand curve, which is perfectly inelastic: can be represented by a...
Question 16 1 pts A demand curve, which is perfectly inelastic: can be represented by a line parallel to the vertical axis. O can be represented by a line parallel to the horizontal axis. O rises upward and to the right, but has a constant slope. O cannot be shown on a two-dimensional graph. - Previous Next →
Question 1 1 pts The equation of the regression line between two variables x (independent variable)...
Question 1 1 pts The equation of the regression line between two variables x (independent variable) and y (dependent variable) is given by ý = -3x -- 2; and the correlation coefficient iss =-.95. The possible x- values range from 1 to 10. Based on the given r, which of the following conclusions may be made? X and Y are very weakly correlated. and y are moderately correlated, and y tends to increase as x is increased. X and y...
Question 7 point What is the slope of perfectly elastic demand curve? a Downward from left...
Question 7 point What is the slope of perfectly elastic demand curve? a Downward from left to right Upward from left to right Horizontal straight line Vertical straight line d
If two quantitative variables are negatively correlated, this implies that... (select all that apply) The response...
If two quantitative variables are negatively correlated, this implies that... (select all that apply) The response variable is always positive The response variable is always negative The response variable tends to increase when the predictor variable decreases The response variable tends to decrease when the predictor variable decreases The LOBF for the data is horizontal The LOBF for the data is vertical The LOBF is upward sloping The LOBF is downward sloping r < -1 r > 1 r <...
If two variables are negatively related, they will always be represented by a: A. straight line....
If two variables are negatively related, they will always be represented by a: A. straight line. B. horizontal line. C. line or curve that slopes downward. D. line or curve that slopes upward.
DI Question 3 1 pts A monopoly's demand curve is O vertical. O downward-sloping. O horizontal....
DI Question 3 1 pts A monopoly's demand curve is O vertical. O downward-sloping. O horizontal. O upward-sloping D Question 4 1 pts A monopolist is able to maximize its profits by D setting the price at the level that will maximize its pfer unit proft. setting output at MR - MC and setting price at the demand curve's highest point. producing output where MR - MC and charging the price corresponding to that output level on the demand curve...
line Question 15 3 pts If supply increases, the supply curve shifts and will which implies...
line Question 15 3 pts If supply increases, the supply curve shifts and will which implies price will Orightward and downward; fall: quantity supplied; rise leftward and upward; rise; quantity demanded; fall leftward and upward; rise; quantity supplied; rise Orightward and downward; fall; quantity demanded; rise
Jysten wli Consider that you're finished working on th Luck! Question 16 1 pts Laffer curve (the relationship between tax rate and tax revenue) states that tax revenue increases along with the increase in tax rate, but at a certain level of tax rate, it starts discourage workers hence the tax revenue might decrease; the curve will be: O slope downward O be horizontal line O slope upward O non-linear Next Previous
Question 4 1 pts If the slope of a line is the slope of a line perpendicular to it would be. O Question 5 1 pts Find the slope and y-intercept of the equation. -4r + 8y = 30 15 O slope y-intercept O slope - 4 y-intercept30 O slope y-intercept O slope - 4 - intercept
If two quantitative variables are negatively correlated, this implies that... (select all that apply; you have 5 attempts) O The response variable is always positive The response variable is always negative The response variable tends to increase when the predictor variable decreases The response variable tends to decrease when the predictor variable decreases O The LOBF for the data is horizontal O The LOBF for the data is vertical O The LOBF is upward sloping O The LOBF is downward...
Question 16 1 pts A demand curve, which is perfectly inelastic: can be represented by a line parallel to the vertical axis. O can be represented by a line parallel to the horizontal axis. O rises upward and to the right, but has a constant slope. O cannot be shown on a two-dimensional graph. - Previous Next →
Question 1 1 pts The equation of the regression line between two variables x (independent variable) and y (dependent variable) is given by ý = -3x -- 2; and the correlation coefficient iss =-.95. The possible x- values range from 1 to 10. Based on the given r, which of the following conclusions may be made? X and Y are very weakly correlated. and y are moderately correlated, and y tends to increase as x is increased. X and y...
Question 7 point What is the slope of perfectly elastic demand curve? a Downward from left to right Upward from left to right Horizontal straight line Vertical straight line d
DI Question 3 1 pts A monopoly's demand curve is O vertical. O downward-sloping. O horizontal. O upward-sloping D Question 4 1 pts A monopolist is able to maximize its profits by D setting the price at the level that will maximize its pfer unit proft. setting output at MR - MC and setting price at the demand curve's highest point. producing output where MR - MC and charging the price corresponding to that output level on the demand curve...
line Question 15 3 pts If supply increases, the supply curve shifts and will which implies price will Orightward and downward; fall: quantity supplied; rise leftward and upward; rise; quantity demanded; fall leftward and upward; rise; quantity supplied; rise Orightward and downward; fall; quantity demanded; rise
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