Download the full data set from the OLC (only six data values are shown). (a) Use Excel
Question:
(a) Use Excel to make a scatter plot, placing Revenue on the Xaxis and Net Income on the Yaxis. Add titles and modify the default colors, fonts, etc., as you judge appropriate to make the scatter plot effective.
(b) Describe the relationship (if any) between X and Y. Weak? Strong? Negative? Positive? Linear? Nonlinear?
Transcribed Image Text:
Revenue and Net Income (millions) for 27 Randomly Chosen Fortune 1000 Companies Revenuelncome Company Revenue Net Income 1,494.9 1,523.2 1,565.8 30.8 328.9 90.5 25 26 27 11,066.8 11,164.2 19,468.0 168.2 253.6 496.5
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a b There is a fairly weak but positive relationship between Net Income and Revenue I...View the full answer
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Related Book For
Applied Statistics In Business And Economics
ISBN: 9780073521480
4th Edition
Authors: David Doane, Lori Seward
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