retail Sales. Consider the following table showing one years total sales (revenue) and profits for eight large
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retail Sales. Consider the following table showing one year’s total sales (revenue) and profits for eight large retailers in the United States.
a. Construct a scatterplot for the data.
b. Briefly characterize the correlation in words and estimate the correlation coefficient.
c. Discuss your observations. Does higher sales volume necessarily translate into greater earnings? Why or why not?
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Kirti Kaushal
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