# You get paid on the first day of each month. You cash your check and pay all of your essential expenses. You keep the balance in your discretionary spending envelope. A scatter plot shows the number of days that have passed since you were paid and the amount left in your discretionary spending envelope. The explanatory x-variable is the number

Chapter 1, Application 1.5 #2

You get paid on the first day of each month. You cash your check and pay all of your essential expenses. You keep the balance in your “discretionary spending” envelope. A scatter plot shows the number of days that have passed since you were paid and the amount left in your discretionary spending envelope. The explanatory x-variable is the number of days that have passed. The response y-variable is the amount left in your envelope. Is there a positive or negative correlation? Explain.

## This problem has been solved!

Do you need an answer to a question different from the above? Ask your question!

**Related Book For**

## Financial Algebra Advanced Algebra With Financial Applications

2nd Edition

Authors: Robert Gerver, Richard J. Sgroi

ISBN: 9781337271790