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Data plays a crucial role in decision-making because it can reveal relationships between different quantities. We often use linear equations to model these relationships and make predictions about the data.

Think about a situation when you needed to analyze data. What types of trends did you find in the data? How did noticing the trends help you make a decision related to the situation?

Sagot :

Depends on how u look at the data and how the data is drawn out

Answer:

Data can be analyzed when one wants to know how an increase in price affects purchasing power.

It should be noted that a trend is simply the general direction or price over time. I needed data once because I wanted to know how price increases affected people's purchasing power.

To obtain the data, I had to compare the prices of goods when there was no inflation and prices when there was inflation, as well as how they affected income.

It demonstrated that an inverse relationship existed, with price increases having a negative impact on one's purchasing power

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