Example of Scatter Diagram Correlation
Draw a Scatter Diagram for the following data and state the type of correlation between the given two variables X and Y.
Solution:
We will draw the scatter diagram by plotting the values of Series X on the X-axis and values of Series y on the Y-axis (10, 80), (20, 160),………(60, 480).
We can see that all the points of the given two variables X and Y are plotted on a positively sloping straight line, which means that there is a Positive Correlation between the values of Series X and Y.
Contact Us