a. Scatterplot (Scatter Diagram):

The scatterplot visually represents the relationship between Monthly Income and Monthly Savings.

Monthly Income (in $) is plotted on the x-axis, and Monthly Savings (in $) is plotted on the y-axis.

Each data point corresponds to a pair of values representing an individual's monthly income and savings.

b. Scatterplot with Least-Squares Regression Line:

In addition to the scatterplot, a least-squares regression line is plotted to illustrate the linear relationship between Monthly Income and Monthly Savings.

The regression line is derived using statistical techniques to minimize the sum of the squared differences between the observed data points and the predicted values.

The regression line represents the best-fitting line that summarizes the overall trend in the data.

Please create for me a scatter plot with the given information.