Typically, the sales volume declines with an increase of a product price. It has been observed, however, that for some luxury goods the sales volume may increase when the price increases. The following scatterplot illustrates this rather unusual relationship. What can be said about the linear relationship between Price and Sales?
A) The relationship is negatively moderate.
B) There is no relationship.
C) The relationship is positively strong.
D) The relationship is negatively strong.

Question

Typically, the sales volume declines with an increase of a product price. It has been observed, however, that for some luxury goods the sales volume may increase when the price increases. The following scatterplot illustrates this rather unusual relationship.  What can be said about the linear relationship between Price and Sales?
A) The relationship is negatively moderate. 
B) There is no relationship. 
C) The relationship is positively strong. 
D) The relationship is negatively strong.

Quizplus · Accepted Answer

The Answer of Typically, the sales volume declines with an increase of a product price. It has been observed, however, that for some luxury goods the sales volume may increase when the price increases. The following scatterplot illustrates this rather unusual relationship.  What can be said about the linear relationship between Price and Sales?
A) The relationship is negatively moderate. 
B) There is no relationship. 
C) The relationship is positively strong. 
D) The relationship is negatively strong.

Typically, the Sales Volume Declines with an Increase of a Product