10. The table below shows the consumer spending by households and income from 1999 to 2009, both in K' billion. Required: a) Plot a scatter diagram with consumption on the vertical axis and income on the horizontal axis. b) Are consumption and income related? If so, state the relationship. 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 1,067 1,109 1,136 1,160 1,192 1,227 1,254 1,290 1,323 1,330 Consumption 644 673 695 720 743 767 784 796 815 822 Zambia (Year) Income 2009 1,265 796

10. The table below shows the consumer spending by households and income from 1999 to 2009, both in K' billion. Required: a) Plot a scatter diagram with consumption on the vertical axis and income on the horizontal axis. b) Are consumption and income related? If so, state the relationship. 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 1,067 1,109 1,136 1,160 1,192 1,227 1,254 1,290 1,323 1,330 Consumption 644 673 695 720 743 767 784 796 815 822 Zambia (Year) Income 2009 1,265 796

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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