Scatterplots/Finances

Front

What does a positive association in a scatterplot indicate?

Back

As the values of one variable increase, the values of the other variable also increase.

Front

What does a negative association in a scatterplot indicate?

Back

As the values of one variable increase, the values of the other variable decrease.

Front

What best describes a linear association in a scatterplot?

Back

The points form a straight line.

Front

What best describes a nonlinear association in a scatterplot?

Back

The points form a curved line.

Front

How can you identify an outlier in a scatterplot?

Back

It is a point that lies far away from the other points and the general pattern of the scatterplot.

Front

What does it mean if a scatterplot shows no apparent pattern among the points?

Back

There's no association

Front

Predict the number of sales when the temperature is 21°C. Options: 600, 400, 480, 510.

Back

480

Front

What is the formula for compound interest?

Back

Front

What is the formula for simple interest?

Back

Front

Alex wants to invest his $5000 bonus into a savings account that generates 3% interest. Which choice explains the best financial decision he could make on what type of interest to use? Options: Simple Interest, because he'd lose less money; Simple Interest, because he'd earn more money; Compound Interest, because he'd lose less money; Compound Interest, because he'd gain more money.

Back

Compound Interest, because he'd gain more money