Asked by Shana Whitby on Jul 20, 2024
Verified
Which of the following describes the relationship between your credit card balance each month and the amount of interest you are paying (not interest rate) ?
A) A perfect negative correlation
B) A weak negative correlation
C) No correlation
D) A strong positive correlation
Credit Card Balance
The amount of money that is owed on a credit card, which can fluctuate based on purchases, payments, and interest charges.
Strong Positive Correlation
A relationship between two variables where as one variable increases, the other variable also increases, indicating a strong link or connection.
- Discern the significance and limitations inherent in diverse research strategies, such as case studies, experimental approaches, and correlation investigations.
Verified Answer
SB
stephanie BotexJul 24, 2024
Final Answer :
D
Explanation :
There is a strong positive correlation between the credit card balance each month and the amount of interest paid. As the credit card balance increases, the amount of interest paid also increases. This is because interest is charged as a percentage of the balance, so the higher the balance, the more interest is charged.
Learning Objectives
- Discern the significance and limitations inherent in diverse research strategies, such as case studies, experimental approaches, and correlation investigations.
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