If demand for a good is extremely elastic, raising the price of that good typically has what effect on total revenue?.
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Based on the correlational analysis of X and Y that is given, we can infer that there is a linear relationship between X and Y.
<h3>What does the correlation analysis show?</h3>The Pearson correlation coefficient shows if there is a linear relationship between given variables.
In the given table, the Pearson Correlation coefficient is not 0 for either variable which means that a linear relationship does in fact exist between the variables.
Find out more on the Pearson correlation coefficient at brainly.com/question/24084533.
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Based on the amount that she invests monthly, the interest rate, and the targeted retirement amount, the number of payments would be 42 payments.
<h3>How many payments should the young professional make?</h3>The number of payments will be the same as the number of months/ periods because that is the frequency of payment.
The number of payments can therefore be found by the NPER formula on a Spreadsheet:
Rate = 11.5%
Pmt = -900
PV = Empty
FV = 730,000
Number of payments is:
= 41.76
= 42 payments.
Find out more on number of periods of payments at brainly.com/question/6819835.
