Statistics for Business and Economics
Statistics for Business and Economics
1st Edition
ISBN: 9780132745680
Author: NEWBOLD, Paul/ Carlson
Publisher: Pearson College Div
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Chapter 1.5, Problem 41E
To determine

Draw a scatter plot.

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The scatter plot below shows data relating total income and the number of children a family has. Which of the following patterns does the scatter plot show?
What is the relationship between the $ price of paint and the gallon demand for this paint? A random sample of (price, quantity) data for 7 days of operation was obtained. Construct a plot and describe the relationship between quantity and price, with emphasis on any unusual observations.(10, 100) (8, 120) (5, 200) (4, 200) (10, 90) (7, 110) (6, 150)
if the relationship between two variables is linear and the coefficient of determination (R2) has a value near 1, the scatter diagram has what appearance?
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