Question

determine whether the graph shows a positive correlation, a negative correlation, or no correlation. if there is a positive or negative correlation, describe its meaning in the situation. consumer price index, 1950 - 2002 source: bureau of labor statistics, u.s. dept. of labor

Explanation:

Step1: Observe the trend

As the year increases from 1950 - 2002, the Consumer - Price Index (CPI) values generally increase.

Step2: Determine the correlation type

Since the two variables (year and CPI) increase together, it is a positive correlation.

Step3: Interpret the meaning

It means that over the years from 1950 - 2002, the Consumer - Price Index has been rising, indicating inflation or an increase in the general level of prices of goods and services in the economy.

Answer:

Positive correlation. It means that over the years from 1950 - 2002, the Consumer - Price Index has been rising, indicating inflation or an increase in the general level of prices of goods and services in the economy.