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Consider the following scatterplot that shows one year's total sales (revenue) and profits for eight large retailers in a country. Estimate the correlation coefficient and determine whether there appears to be a correlation between sales and profits. There is a correlation between sales and profits, and the correlation coefficient is approximately strong positive weak negative weak positive perfect negative perfect positive strong negative Ņ Profits (billions of dollars) to 175 350 Sales (billions of dollars) ← E C

Consider the following scatterplot that shows one year's total sales (revenue) and profits for eight large retailers in a country. Estimate the correlation coefficient and determine whether there appears to be a correlation between sales and profits. There is a correlation between sales and profits, and the correlation coefficient is approximately strong positive weak negative weak positive perfect negative perfect positive strong negative Ņ Profits (billions of dollars) to 175 350 Sales (billions of dollars) ← E C

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter4: Equations Of Linear Functions
Section4.5: Correlation And Causation
Problem 24PFA
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Consider the following scatterplot that shows one year's total sales (revenue) and profits for eight large retailers in a country. Estimate the correlation coefficient and determine whether there appears to be a correlation between sales and profits. C There is a correlation between sales and profits, and the correlation coefficient is approximately strong positive weak negative weak positive perfect negative perfect positive strong negative Profits (billions of dollars) 12- 6- 0- 175 350 Sales (billions of dollars) Q
Transcribed Image Text:Consider the following scatterplot that shows one year's total sales (revenue) and profits for eight large retailers in a country. Estimate the correlation coefficient and determine whether there appears to be a correlation between sales and profits. C There is a correlation between sales and profits, and the correlation coefficient is approximately strong positive weak negative weak positive perfect negative perfect positive strong negative Profits (billions of dollars) 12- 6- 0- 175 350 Sales (billions of dollars) Q
Consider the following scatterplot that shows one year's total sales (revenue) and profits for eight large retailers in a country. Estimate the correlation coefficient and determine whether there appears to be a correlation between sales and profits. C There is a correlation between sales and profits, and the correlation coefficient is approximately 0.94. -1. -0.24. 0.24. 1. -0.94. Profits (billions of dollars) 12- 175 350 Sales (billions of dollars) €ƠN
Transcribed Image Text:Consider the following scatterplot that shows one year's total sales (revenue) and profits for eight large retailers in a country. Estimate the correlation coefficient and determine whether there appears to be a correlation between sales and profits. C There is a correlation between sales and profits, and the correlation coefficient is approximately 0.94. -1. -0.24. 0.24. 1. -0.94. Profits (billions of dollars) 12- 175 350 Sales (billions of dollars) €ƠN
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