Association, part 2. Suppose you were to collect data for each pair of variables. You want to

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Association, part 2.

Suppose you were to collect data for each pair of variables. You want to make a scatterplot. Which variable would you use as the explanatory variable and which as the response variable? Why? What would you expect to see in the scatterplot? Discuss the likely direction and form.

a) T- shirts at a store: price each, number sold.

b) Real estate: house price, house size (square footage).

c) Economics: Interest rates, number of mortgage applications.

d) Employees: Salary, years of experience.

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Business Statistics

ISBN: 9780321716095

2nd Edition

Authors: Norean D. Sharpe, Paul F. Velleman, David Bock, Norean Radke Sharpe

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