Statistics - Assignment: Scatter Plots Investigation

Assignment: Scatter Plots Investigation

The data shown gives the age and resale value of a random selection of cars that are all the same make and model.

Age of Car (months)	Resale Value		Age of Car (months)	Resale Value
2	$24,200		16	$17,200
13	$16,800		18	$17,300
9	$18,200		7	$18,700
4	$20,900		26	$16,100
20	$16,700		11	$17,600
5	$19,500		23	$16,800

1. Create a clearly labeled scatter plot that shows the relationship between the age of the car and its resale value.

Use the scatter plot you created to answer the following questions. Be sure to include at least two module vocabulary words in your responses.(outcomes, permutation, population, revenue, sample, sample space, statistics, biased sample, combination, complementary event, dependent events, event, experiment, independent events, institute, millennium, mutually, exclusive events)

2. Would you describe the association between the age of the car and its resale value as exhibiting a linear association, non-linear association, or no association? Explain your reasoning.

3. Would you describe the association between the age of the car and its resale value as exhibiting a positive association, negative association, or no association? Explain your reasoning.