I can do the scatter plot diagram I just need help With identifying the Y axis and the X access and the Form directions strength And outlier
Correlation
Correlation defines a relationship between two independent variables. It tells the degree to which variables move in relation to each other. When two sets of data are related to each other, there is a correlation between them.
Linear Correlation
A correlation is used to determine the relationships between numerical and categorical variables. In other words, it is an indicator of how things are connected to one another. The correlation analysis is the study of how variables are related.
Regression Analysis
Regression analysis is a statistical method in which it estimates the relationship between a dependent variable and one or more independent variable. In simple terms dependent variable is called as outcome variable and independent variable is called as predictors. Regression analysis is one of the methods to find the trends in data. The independent variable used in Regression analysis is named Predictor variable. It offers data of an associated dependent variable regarding a particular outcome.
I can do the
![The sales manager at Sun City Real Estate Company is interested in describing the relationship between condo
sales price and the number of weeks the condo is on the market before it sells. He has collected a random
sample of condos that have sold within the past three months in their area. The data is shown below:
Weeks on Market Selling Price (in thousands of $)
18
125
48
73
51
61
33
76.5
56
53
9.
133
25
94
47
90
32
107
27
84
23
54
16
102
1. Draw the scatterplot for the relationship between weeks on the market and selling price. Don't forget to
label the axis.
140
Based on the graph, what is the....
130
Form:
120
110
Direction:
100
Strength:
90
80
Outlier(s):
List (if any) or say "none"
70](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fafb35480-1da6-4606-ae06-eef29574bfe2%2Fe3eba117-cab5-4450-a73a-c6e2c3c1e84d%2F69adot2j_processed.jpeg&w=3840&q=75)
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