Question: Create a scatter plot with a trend line to show the relationship between disposable income and life insurance coverage. Reach your conclusion about the two
- Create a scatter plot with a trend line to show the relationship between disposable income and life insurance coverage. Reach your conclusion about the two variable
- This is done on excel
An insurance company is interested in determining whether life insurance coverage is influenced linearly by disposable income. A randomly chosen sample of size 20 produced the data shown in the table below. Construct a scatterplot with a trend line. What conclusions can you draw?
Disposable Income ($ thousands) Life Insurance Coverage ($ thousands) 45 60 40 58 65 100 50 50 70 120 75 140 70 100 40 50 50 70 45 60 65 80 60 90 45 50 40 50 55 70 55 60 60 80 75 120 45 50 65 70
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