Model a Business- Analyzing Economics Through Graphs

James is analyzing the relationship between the number of hours he studies and his test scores. Which of the following best describes the type of graph he should use to display this relationship?

• A graph that shows the relationship between two variables using dots.

• A table that lists data in rows and columns.

• A pie chart that shows proportions.

• A bar graph that compares categories.

Scarlett is analyzing a scatter plot of hours studied and test scores for her classmates. What does a positive correlation in this scatter plot indicate?

• As one variable increases, the other decreases.

• As one variable increases, the other increases.

• There is no relationship between the variables.

• The variables are always equal.

Tags

CCSS.HSS.ID.B.5

Grace is analyzing how the number of hours she studies affects her test scores using linear regression. In this context, what does the slope of the line represent?

• The starting value of the dependent variable.

• The rate of change between the variables.

• The maximum value of the independent variable.

• The total number of data points.

Tags

CCSS.HSF.LE.B.5

• 2

• 5

• 7

• 10

Tags

CCSS.HSF.LE.B.5

Grace runs a bakery and notices that when she raises the price of her cupcakes, fewer customers buy them. Which of the following best describes this observation?

• As price increases, quantity demanded increases.

• As price increases, quantity demanded decreases.

• As price decreases, quantity supplied decreases.

• As price decreases, quantity demanded decreases.

Suppose a local bakery starts producing more loaves of bread each day, but the number of customers wanting to buy bread stays the same. What happens to the equilibrium price of bread?

• It increases.

• It decreases.

• It stays the same.

• It becomes zero.

Zoe is creating a monthly budget for her new apartment. Which of the following is an example of a fixed expense she should include?

• Electricity bill

• Rent

• Raw materials

• Sales commission

Tags

CCSS.6.EE.A.2C

• $500

• $1,000

• $1,500

• $2,000

Isla runs a small factory and is reviewing her business expenses. Which of the following is a variable expense for Isla?

• Monthly loan payment

• Factory rent

• Wages paid per unit produced

• Annual insurance premium

Tags

CCSS.HSF-LE.A.1B

Maya runs a small bakery and bakes 100 cupcakes. If the variable cost per cupcake is $3, what is the total variable expense?

• $100

• $300

• $3,000

• $30

Tags

CCSS.6.EE.B.6