A concert production company examined its records. The manager made the following scatterplot. The company places concerts in two venues, a smaller, more intimate theater (plotted with blue circles) and a larger auditorium-style venue (red x's).

a) Describe the relationship between Talent Cost and Total Revenue. (Remember: direction, form, strength, outliers.)
b) How are the results for the two venues similar?
c) How are they different?

Transcribed Image Text:

160,000 120.000 -80,000 40,000 t 25,000 50,000 75,000 Talent Cost