Download the full data set from the McGraw-Hill Connect website (only six data values are shown). (a)

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Download the full data set from the McGraw-Hill ConnectÂ® website (only six data values are shown).

(a) Use Excel to make a scatter plot, placing Revenue on the X-axis and Net Income on the Y-axis. 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?

Revenue and Net Income (millions) for 27 Randomly Chosen Fortune 1000 Companies O Revenuelncome Revenue Company Net Inco

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Applied Statistics In Business And Economics

ISBN: 9780077837303

5th Edition

Authors: David Doane, Lori Seward

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Question Posted: Sep 15, 2017 12:14 PM

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Download the full data set from the McGraw-Hill Connect website (only six data values are shown). (a)

Question:

Revenue and Net Income (millions) for 27 Randomly Chosen Fortune 1000 Companies O Revenuelncome Revenue Company Net Income 30.8 328.9 90.5 1,494.9 1,523.2 1,565.8 11,066.8 11,164.2 19,468.0 25 168.2 26 27 253.6 496.5 123

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a b There is a fairly weak but positive relationship between Net Income and Revenue ...View the full answer

Applied Statistics In Business And Economics

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