1.A3. Suppose the following table shows the relationship between revenue that the Girl Scouts generate and the...

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1.A3.

Suppose the following table shows the relationship between revenue that the Girl Scouts generate and the number of cookie boxes that they sell.

Number of Cookie Boxes Revenue 50 150

$200 250 350

$600

$1,000

$1,400 450 550

$1,800

$2,200

a. Present the data in a scatter plot.

b. Do the two variables have a positive relationship or do they have a negative relationship? Explain.

c. What is the slope of the line that you get in the scatter plot? What does the slope imply about the price of a box of Girl Scout cookies?

A1.

A2.

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Related Book For  book-img-for-question

Microeconomics, 2/e

ISBN: 253021

2nd Edition

Authors: Acemoglu, Daron & Laibson, David & List, John

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