Question: Suppose you were to collect data for each pair of

Suppose you were to collect data for each pair of variables. You want to make a scatterplot. Which variable would you use as the explanatory variable and which as the response variable? Why? What would you expect to see in the scatterplot? Discuss the likely direction and form.
a) T-shirts at a store: price each, number sold.
b) Real estate: house price, house size (square footage).
c) Economics: Interest rates, number of mortgage applications.
d) Employees: Salary, years of experience.

View Solution:


Sale on SolutionInn
Sales0
Views68
Comments
  • CreatedMay 14, 2015
  • Files Included
Post your question
5000