In analyzing the chart, what is the relationship between fees and dollar advanced? What do you think that payday lenders base th

Question

3 years ago

5

eir fees on?

1 answer:

yKpoI14uk [10] · Answer 1 · 2023-01-24T19:31:03+03:00

Using the information on the chart, there exists a direct proportional relationship between fee and dollar advanced.

From the bar graph, Fee and dollar advanced are represented by the green and brown bars.

Looking closely, the green and brown bars are virtually the same for each of the different number of transactions recorded.

The percentage value of fee, and share of dollar advanced have almost the same percentage in each group.

Therefore, Fee and share of dollar advanced are directly proportional based on the display produced by the bar chart.