Concept explainers
To calculate: To find which statement best describes the relationship shown on the scatter plot
Answer to Problem 13STP
The amount of money in circulation per person increased over time
Explanation of Solution
Given information: Scatter plot showing how much money is in circulation per person in the Unites States in different years
Formula Used:
Equation of line passing through two points is given as
Calculation:
Scatter plot is given as follows:
Points on the line from graph are as follows:
Equation of line passing through the above points is calculated as follows:
By comparing the above equation with slope intercept form of line,
Since slope is positive, this means that amount of money in circulation per person increased over time
Conclusion:
Hence, the statement that best describes the relationship is “The amount of money in circulation per person increased over time”
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