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The following data represent x the total number of businesses and y the number of business failures in mountain states over a 1-year period.

State

x = Number
of Businesses

y = Number
of Business
Failures

Arizona

146,672

1090

Colorado

156,891

2091

Idaho

46,787

312

Montana

43,961

191

Nevada

38,593

255

New Mexico

55,334

319

Utah

58,156

372

Wyoming

26,383

178

a. Draw a scatter diagram representing these data.

b. Using the "eyeball" method, fit a straight line to the data.

c. Does there appear to be any relationship between the variables? If so, is the relationship direct or inverse?

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
  • Reference No.:- M92213125

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