This X/Y Scatter Plot shows the relationship between 2 related…
Question Answered step-by-step This X/Y Scatter Plot shows the relationship between 2 related… Image transcription textScatter Plot of 2 related products 60000 Equation relating the variables: y = 1.8237x 01 29468, 52881 5000026288, 46017 30654, 45027 13489, 39507 27348, 41933 40000 15802, 38027 27310, 41701 12646, 3220115892, 37268 20015, 36585 Yearly Sales of Pods in 1000’s of Dollars 30000 16185, 34197 13109, … Show more… Show moreThis X/Y Scatter Plot shows the relationship between 2 related variables measured in terms of annual sales dollars in thousands for 1) espresso machines and 2) the proprietary coffee Pods for the machines. Upon purchasing the espresso machine, customers are urged to join a loyalty program through which they can purchase pods. Thus, the data on Pod sales is dollars spent in the year following the purchase of a machine. It is believed that the sale of one product causes, or is at least related to, the sale of the other. I have added a linear trendline to the plot and forced that line through the origin of the graph to account for my belief that I believe that if there are no sales of espresso machines (x’s), then there are no sale of espresso pods (y’s). Given what you can observe in the graph, which single answer is the best description of the variable relationship?A. If yearly sales of espresso machines are $10,000,000, then sales of pods will likely be less than $18,237,000. B. f the trendline is not forced through the origin, the resulting trend equation will have a less steep slope. C. If the point (13,489; 39,507) is discarded, the slope of the trendline will increase; in other words, it will be more than 1.8237. (Assume the trendline is forced throughout the origin.) Math Statistics and Probability BUAD 5707 Share QuestionEmailCopy link Comments (0)
