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Scatter Diagram

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What is a scatter diagram? Explain, in your own words, the purpose of a scatter diagram. What is meant by the term regression line and how does one find the line of best fit?

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A scatter diagram is an analytical tool that is used to determine if there is a correlation between two variables. In a scatter diagram, two sets of data points comprising of independent and dependent variables are plotted in the x-y plane. The relationship ...

Solution Summary

This solution discusses scatter diagrams, and regression lines.

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